Binance Recovery Update: 87 Networks Reopened
Binance says it has reopened withdrawals across 87 networks and aims to restore withdrawals on all remaining networks and assets by the end of next week.
This follows the October 29 security breach, in which approximately $6.3 billion in crypto assets was stolen.
Meanwhile, the FBI says U.S. authorities have seized or obtained court authorization to restrain more than $1.2 billion in stolen crypto.
The key takeaway: Restoring access is an important step, but the incident highlights why security, transparency, and operational resilience remain critical for the crypto industry.
What should exchanges prioritize most after a major security incident?
#Binance #CryptoNews #CryptoSecurity
#Blockchain
Binance says it has reopened withdrawals across 87 networks and aims to restore withdrawals on all remaining networks and assets by the end of next week.
This follows the October 29 security breach, in which approximately $6.3 billion in crypto assets was stolen.
Meanwhile, the FBI says U.S. authorities have seized or obtained court authorization to restrain more than $1.2 billion in stolen crypto.
The key takeaway: Restoring access is an important step, but the incident highlights why security, transparency, and operational resilience remain critical for the crypto industry.
What should exchanges prioritize most after a major security incident?
#Binance #CryptoNews #CryptoSecurity
#Blockchain
