Binance Reopens Withdrawals: Phase One Is Live, 95% of Losses Covered ๐
๐ BINANCE TO RESUME PHASE ONE OF WITHDRAWALS
Three days after the record $6.3 billion hack, Binance is restoring withdrawals in phases. Phase one is scheduled for today, November 1, between 06:00 and 09:00 UTC.
๐ What phase one covers
๐ช Major assets such as $BTC , $ETH , $BNB , SOL, XRP, and DOGE, across multiple networks.
๐ Assets and networks were prioritized using the past week's user demand data.
๐ Other assets and networks will reopen as they pass security and stability checks.
๐ช Recovery progress
Binance says about 95% of the affected assets are now replenished, up from 80% a day earlier. The top assets are fully backed, and the remaining ~5% is in low-liquidity tokens it is still buying through market and OTC channels. Binance has repeated that it, not its users, will absorb the loss.
โ ๏ธ Tips for users
โณ Expect heavy traffic and possible delays.
โ Check the withdrawal page or network status page for your asset.
๐ซ Ignore anyone offering to "speed up" withdrawals.
๐ง Withdraw what you need, and avoid panic moves.
๐ฏ Takeaway: A phased, controlled restart is the safer route. The next milestone is the Proof of Reserves result, due November 2.
#๏ธโฃ Hashtags:
#BinanceToResumePhaseOneOfWithdrawals , #Binance ,#BinanceWithdrawals ,#ProofOfReserves #CryptoSecurity , #StaySafu #CryptoNews #BinanceSquare ,#BinanceHack
๐ BINANCE TO RESUME PHASE ONE OF WITHDRAWALS
Three days after the record $6.3 billion hack, Binance is restoring withdrawals in phases. Phase one is scheduled for today, November 1, between 06:00 and 09:00 UTC.
๐ What phase one covers
๐ช Major assets such as $BTC , $ETH , $BNB , SOL, XRP, and DOGE, across multiple networks.
๐ Assets and networks were prioritized using the past week's user demand data.
๐ Other assets and networks will reopen as they pass security and stability checks.
๐ช Recovery progress
Binance says about 95% of the affected assets are now replenished, up from 80% a day earlier. The top assets are fully backed, and the remaining ~5% is in low-liquidity tokens it is still buying through market and OTC channels. Binance has repeated that it, not its users, will absorb the loss.
โ ๏ธ Tips for users
โณ Expect heavy traffic and possible delays.
โ Check the withdrawal page or network status page for your asset.
๐ซ Ignore anyone offering to "speed up" withdrawals.
๐ง Withdraw what you need, and avoid panic moves.
๐ฏ Takeaway: A phased, controlled restart is the safer route. The next milestone is the Proof of Reserves result, due November 2.
#๏ธโฃ Hashtags:
#BinanceToResumePhaseOneOfWithdrawals , #Binance ,#BinanceWithdrawals ,#ProofOfReserves #CryptoSecurity , #StaySafu #CryptoNews #BinanceSquare ,#BinanceHack
