What can we learn from the Binance hack and recovery?

Binance has begun restoring access after a $6.3 billion theft, drawing on its own reserves to replace customer assets. Its recovery offers lessons about how exchanges approve transactions, communicate during a crisis and demonstrate that customers can get their money back. Binance has expanded withdrawals after reporting that it had replaced approximately 95% of the assets affected by its $6.3 billion October 29 hack. Binance’s November 3 announcement scheduled another withdrawal phase from 04:00 UTC, with individual assets becoming available after security and readiness checks. Deposits remained open, and the exchange repeated its commitment to absorb the financial loss.

Source: crypto.news