Binance gives 48-hour withdrawal target while Bitcoin deposits remain open

Binance withdrawals remain suspended while deposits operate normally, leaving Bitcoin holders able to send assets into its global platform without an available crypto withdrawal route out. The exchange's Oct. 30 security update estimates the incident's total impact at around $6 billion. For a holder who wants Bitcoin in a personal wallet or on another venue, an exchange balance and a completed blockchain transfer are different outcomes. Binance News reports an expectation that withdrawals will resume within 48 hours as the exchange overhauls the withdrawal service and related addresses. CryptoSlate's Oct.

Source: CryptoSlate