BREAKING: Binance Finally Opens Withdrawals Today After $6.3B Hack
So after almost a week of panic, Binance just announced they will resume withdrawals today Nov 1st from 06:00 to 09:00 UTC. This is Phase 1 only.
According to Yi He's post, only 15 networks are open for now - BTC, ETH, BNB, SOL, XRP, TRX, DOGE, AVAX and stablecoins USDT/USDC. If you hold other small alts, you will have to wait a bit longer, they are still doing security checks.
The good news is they said 95% of the stolen funds are already covered and BTC, ETH, BNB, SOL balances are fully backed 1:1. About $2.8B - $3B from the hack has been frozen with help from other exchanges.
FBI already confirmed this hack was done by North Korea's Lazarus group, same group that hit other exchanges before.
Market today looks boring but stable. BTC at $77,821 up 0.81%, BNB at $705, ETH at $2,267. Total market cap $2.63T. Everyone is scared, Fear & Greed at 34.
Honestly October was a disaster, we call it Uptober but BTC closed at $77k, down 7% for the month. It's also 38% down from the ATH of $126k last year. But for me this withdrawal news is actually bullish - it means SAFU works and Binance is still solid.
I'm buying spot here, no leverage. What about you? Are you withdrawing or buying the fear?
#Binance #BTC #CryptoNewss #Write2Earn! #bnb
So after almost a week of panic, Binance just announced they will resume withdrawals today Nov 1st from 06:00 to 09:00 UTC. This is Phase 1 only.
According to Yi He's post, only 15 networks are open for now - BTC, ETH, BNB, SOL, XRP, TRX, DOGE, AVAX and stablecoins USDT/USDC. If you hold other small alts, you will have to wait a bit longer, they are still doing security checks.
The good news is they said 95% of the stolen funds are already covered and BTC, ETH, BNB, SOL balances are fully backed 1:1. About $2.8B - $3B from the hack has been frozen with help from other exchanges.
FBI already confirmed this hack was done by North Korea's Lazarus group, same group that hit other exchanges before.
Market today looks boring but stable. BTC at $77,821 up 0.81%, BNB at $705, ETH at $2,267. Total market cap $2.63T. Everyone is scared, Fear & Greed at 34.
Honestly October was a disaster, we call it Uptober but BTC closed at $77k, down 7% for the month. It's also 38% down from the ATH of $126k last year. But for me this withdrawal news is actually bullish - it means SAFU works and Binance is still solid.
I'm buying spot here, no leverage. What about you? Are you withdrawing or buying the fear?
#Binance #BTC #CryptoNewss #Write2Earn! #bnb
