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Crypto & Bitcoin

Binance Resumes Bitcoin and ETH Withdrawals Post-Hack Recovery

Reported by Kanishka Bothra, Coinfomania

Image: Coinfomania

Binance has reopened withdrawals after a $6B hack, covering 95% of affected assets. Here's why this is crucial for traders. Binance, the world’s largest cryptocurrency exchange, has reopened Bitcoin and Ethereum withdrawals following a significant hack that resulted in the theft of over $6 billion in assets. As part of its recovery plan, Binance has covered 95% of the affected assets, restoring user confidence and operational stability. This move is crucial as it signals Binance’s commitment to security and reliability in the crypto market. For more details, see the full announcement here .

This is an excerpt. The reporting belongs to Coinfomania.

Read the full report on coinfomania.com
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