Binance Continues Withdrawal Restoration With Another Phase Expected Nov. 3
Photo: TokenPost
Binance said it was still working to restore withdrawals across more networks and assets after reopening access in stages following its Oct. 29 hot-wallet compromise. Binance had set 1 a.m. ET Nov. 1 as the start of the first phase. By 7:36 a.m. ET, Binance had activated withdrawals for all 15 networks and assets included in phase one. A compromise of Binance’s hot wallets at about 4:05 p.m. ET Oct. 29 caused estimated losses of $6.3 billion in token assets. Binance suspended withdrawals while keeping deposits and other unaffected services operational.
Source: TokenPost
