Withdrawals are coming back online.
Binance said it would resume withdrawals in phases on Nov 1, with the first phase starting between 06:00 and 09:00 UTC, and BTC withdrawals were reported as resumed on its website.
This follows the roughly $6.3B hack that rattled markets. $BTC closed October near $77,558 and was trading around $77,820 early Sunday, per Investing.com.
My take: the real test is how smoothly each phase goes and how quickly confidence returns, not just the price.
Which would matter more to you before moving funds back to an exchange: proof of reserves or a full incident report?
#Binance #Bitcoin #CryptoSecurity $BNB
Binance said it would resume withdrawals in phases on Nov 1, with the first phase starting between 06:00 and 09:00 UTC, and BTC withdrawals were reported as resumed on its website.
This follows the roughly $6.3B hack that rattled markets. $BTC closed October near $77,558 and was trading around $77,820 early Sunday, per Investing.com.
My take: the real test is how smoothly each phase goes and how quickly confidence returns, not just the price.
Which would matter more to you before moving funds back to an exchange: proof of reserves or a full incident report?
#Binance #Bitcoin #CryptoSecurity $BNB