Hackers who targeted Binance converted stolen tokens into $124 million worth of $BTC, while the platform plans to reopen more withdrawals.

Blockchain analytics indicate that the hackers exchanged the stolen tokens for $124 million worth of $BTC, in a security incident affecting the platform and its users.

Details about the withdrawal reopening schedule remain uncertain, and it is not yet clear whether withdrawals will resume all at once or in stages.

If you’re a Binance user, the reopening of withdrawals may mean you’ll gradually regain access to your funds. This could take time, and the move doesn’t confirm that the risks are over.

A takeaway worth saving: The transfer of $124 million to $BTC came before withdrawals reopened, and users are waiting for details.

If you’re a Binance user, will you withdraw your funds as soon as withdrawals reopen? 👇

#BTC #BinanceHack

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