Binance Prepares for Phased Withdrawal Reopening Following Historic Exploit

Binance’s phased reopening will test whether customers retain confidence in the exchange after the breach. Trump has questioned North Korea’s suspected involvement, despite attribution by blockchain investigators. The company’s compensation pledge does not independently establish its remaining liquidity. Binance is approaching a critical test of customer confidence following a reported $6.3 billion cryptocurrency theft , with the exchange preparing to restore withdrawals as questions persist over the attack’s origins and the financial resources available to absorb its impact. In an October 30 statement , co-CEOs Yi and Richard Teng pledged that customers would not bear the losses.

Source: ETHNews