Binance Says Full Operations Await Security Checks After $6.3 Billion Hack

Binance co-CEO Yi He said Monday the exchange will resume full operations only after security checks confirm a safe environment, following a hot-wallet hack Binance estimates at about $6.3 billion. Her post answered an online comparison with collapsed crypto exchange FTX, though she did not name FTX herself. “Our top priority right now is to ensure the environment is secure,” Yi He wrote, linking customers’ access to their funds to the checks. The breach began at about 4:05 p.m. ET (20:05 UTC) Oct. 29. Binance paused withdrawals after the intrusion. In a Nov.

Source: TokenPost