This morning I’d just finished saying we should wait until withdrawals open to see what’s real, and before I’d even finished lunch, the schedule arrived. Binance is clearly in a hurry to open the doors this time. In plain English: 95% of the $6.3 billion shortfall has been covered. The remaining 5% is in less-liquid small-cap coins, which take longer to buy. Today, the first batch of withdrawals opens from 14:00 to 17:00 Beijing time. Major coins like BTC, ETH, BNB, SOL, XRP, and DOGE go first, across 15 chains; the rest will be processed in order of demand. $BTC is now around $77,600, $ETH around $2,260, and $BNB around $704. Prices haven’t crashed or taken off—they’re just waiting at the door for it to open. The FBI has also confirmed that TraderTraitor was behind it. The stolen funds are being converted into ETH and will then be laundered through DeFi. This isn’t over yet. On the first day, expect queues, delays, and failed transactions, probably one after another. Don’t all rush in at once. Check the official announcements before withdrawing, and don’t trust those so-called “acceleration links” posted in chat groups. This is just my personal opinion, for reference only. #BinanceHack #Bitcoin
This afternoon, will you withdraw first and secure your gains, or wait until the first batch has tested the waters?