Binance resumes withdrawals following $6.3 billion breach

Source: press TechCrunch•

Binance resumes withdrawals following $6.3 billion breach

Cryptocurrency exchange Binance announced early on Sunday that it would begin allowing withdrawals in a phased process. The company froze all deposits and withdrawals after hackers stole $6.3 billion worth of crypto from Binance wallets. In its latest update, Binance said it has now covered 95%…

Cryptocurrency exchange Binance announced early on Sunday that it would begin allowing withdrawals in a phased process.

The company froze all deposits and withdrawals after hackers stole $6.3 billion worth of crypto from Binance wallets. In its latest update, Binance said it has now covered 95% of the stolen assets, and it’s still working to buy the “remaining affected assets,” which are “less liquid in the market and take longer time to source at the required scale.”

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