Binance hacking update: Gradual withdrawals expected to resume within 48 hours
Photo: The Cryptonomist
Binance says withdrawals are expected to begin resuming gradually within 48 hours , while co-founder Yi He says customer funds are safe and the exchange will cover all hacking losses. The Binance hacking update comes as the platform conducts security checks, freezes affected assets and works with law enforcement. The exchange initially said it had temporarily suspended deposits and withdrawals during those checks. In a separate operational statement, Yi He said deposits remain operational and unaffected , while the team strengthens withdrawal services and the controls associated with withdrawal addresses.
Also reported by AMBCrypto.
Source: The Cryptonomist
