๐ Binance Starts Phase 2 Withdrawals
๐ Binance began phase 2 of crypto withdrawals after the hack, rolling out step by step from 04:00 UTC (9:00 a.m. PKT) on Nov 3.
โ๏ธ Networks in this phase: BSC, Ethereum, Solana, XRP Ledger, Sui, Arbitrum, Optimism, Tron and Base.
๐ก๏ธ Each token is enabled only after security checks, so some (like $HYPE) are not live yet. Alpha and $APT deposits are paused.
๐ฐ Coverage is about 95%. CZ says 100% of funds are set aside, and the last 5% (small coins) is still being bought.
๐ Outflows are slowing: $2.57B on Monday vs $6.1B on Sunday, per DefiLlama data.
๐งพ Next proof of reserves (proof that user funds are fully backed) snapshot is due Nov 4.
โ Has your withdrawal gone through yet? ๐
#Binance #BinanceRecovery #CryptoNews
๐ Binance began phase 2 of crypto withdrawals after the hack, rolling out step by step from 04:00 UTC (9:00 a.m. PKT) on Nov 3.
โ๏ธ Networks in this phase: BSC, Ethereum, Solana, XRP Ledger, Sui, Arbitrum, Optimism, Tron and Base.
๐ก๏ธ Each token is enabled only after security checks, so some (like $HYPE) are not live yet. Alpha and $APT deposits are paused.
๐ฐ Coverage is about 95%. CZ says 100% of funds are set aside, and the last 5% (small coins) is still being bought.
๐ Outflows are slowing: $2.57B on Monday vs $6.1B on Sunday, per DefiLlama data.
๐งพ Next proof of reserves (proof that user funds are fully backed) snapshot is due Nov 4.
โ Has your withdrawal gone through yet? ๐
#Binance #BinanceRecovery #CryptoNews
