Menu

Binance resumes withdrawals following $6.3 billion breach | TechCrunch
📰

Binance resumes withdrawals following $6.3 billion breach | TechCrunch

Reading 0:00
15s threshold

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.”

“Our commitment remains unchanged: Binance will bear the financial impact of the stolen funds,” the company added.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.