BINANCE WITHDRAWALS RESUME TODAY: PHASE ONE BEGINS WITH BTC, ETH AND BNB
Binance is preparing to reopen withdrawals today, November 1, following the major security incident involving approximately $6.3 billion in assets on October 29.
According to Binance, the exchange is covering the entire loss and has already replaced approximately 95% of the affected assets. The remaining 5% involves tokens with limited liquidity.
Phase One Withdrawal Schedule:
Start Time: 06:00 UTC
End Time: 09:00 UTC
Duration: 3 Hours
Supported Assets: BTC, ETH, BNB and selected other tokens.
Binance expects heavy traffic during the initial reopening period, which could result in slower withdrawal processing.
The exchange is taking a phased approach, conducting security and operational readiness checks throughout the process before expanding withdrawal services.
This gradual reopening is an important step toward restoring normal operations and rebuilding user confidence.
However, the reported 95% recovery figure comes from Binance and has not yet been independently confirmed.
Users should remain cautious, avoid suspicious links, and rely exclusively on official Binance announcements.
What do you think? Will Binance fully restore user confidence after this incident?
$BNB $BTC $ETH
#BinanceToResumePhaseOneOfWithdrawals #Binance #Bitcoin #Ethereum #CryptoSecurity #CryptoNews #BinanceSquare
Binance is preparing to reopen withdrawals today, November 1, following the major security incident involving approximately $6.3 billion in assets on October 29.
According to Binance, the exchange is covering the entire loss and has already replaced approximately 95% of the affected assets. The remaining 5% involves tokens with limited liquidity.
Phase One Withdrawal Schedule:
Start Time: 06:00 UTC
End Time: 09:00 UTC
Duration: 3 Hours
Supported Assets: BTC, ETH, BNB and selected other tokens.
Binance expects heavy traffic during the initial reopening period, which could result in slower withdrawal processing.
The exchange is taking a phased approach, conducting security and operational readiness checks throughout the process before expanding withdrawal services.
This gradual reopening is an important step toward restoring normal operations and rebuilding user confidence.
However, the reported 95% recovery figure comes from Binance and has not yet been independently confirmed.
Users should remain cautious, avoid suspicious links, and rely exclusively on official Binance announcements.
What do you think? Will Binance fully restore user confidence after this incident?
$BNB $BTC $ETH
#BinanceToResumePhaseOneOfWithdrawals #Binance #Bitcoin #Ethereum #CryptoSecurity #CryptoNews #BinanceSquare
