Binance Warns Users of Withdrawal Scams as Reopening Continues
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TLDR Binance begins a second phase of withdrawals from 04:00 UTC on Tuesday. Net outflows fell to $2.57 billion on Monday from $6.1 billion on Sunday, DefiLlama data shows. Binance warns of scams offering paid priority, compensation claims or a “Binance vault.” Asset replenishment reached about 95% on Nov. 1, with the least liquid tokens left. A proof of reserves covers 10 tokens, with a new snapshot planned for Nov. 4. Binance plans to start a second phase of cryptocurrency withdrawals on Tuesday. The exchange says more assets will become available from 04:00 UTC as security checks are completed.
Source: CoinCentral
