$BTC
*Withdrawals Are Back, Funds Are SAFU
On 29 October, Binance faced a $6.3B hack. It was one of the biggest hacks in crypto history.
*What happened after that:*
1. *Funds Are Safe:* Binance will cover all losses from its SAFU Fund and treasury. 95% funds already recovered.
2. *Withdrawals Restored:* On 9 November, Binance reopened withdrawals on BSC, Ethereum, Base and Arbitrum. More tokens are being restored in phases.
3. *No Contagion:* Analysts say there is no major market panic because Binance covered the loss quickly.
4. *Stay Safe:* Don't click on fake links. Binance will never ask for your password or code. Beware of phishing messages about withdrawals.
*Bottom line:* No need to panic. Binance handled it, and withdrawals are working again.
#Binance #BTC #SAFU
#Binance #cryptooinsigts
Did you check your withdrawal yet?
*Withdrawals Are Back, Funds Are SAFU
On 29 October, Binance faced a $6.3B hack. It was one of the biggest hacks in crypto history.
*What happened after that:*
1. *Funds Are Safe:* Binance will cover all losses from its SAFU Fund and treasury. 95% funds already recovered.
2. *Withdrawals Restored:* On 9 November, Binance reopened withdrawals on BSC, Ethereum, Base and Arbitrum. More tokens are being restored in phases.
3. *No Contagion:* Analysts say there is no major market panic because Binance covered the loss quickly.
4. *Stay Safe:* Don't click on fake links. Binance will never ask for your password or code. Beware of phishing messages about withdrawals.
*Bottom line:* No need to panic. Binance handled it, and withdrawals are working again.
#Binance #BTC #SAFU
#Binance #cryptooinsigts
Did you check your withdrawal yet?
