#BinanceToResumePhaseOneOfWithdrawals
Binance has officially initiated Phase One of withdrawal restorations following the recent security incident.
Here is what you need to know about the current status:
📌 Key Highlights
Phase One Active: Withdrawals are opening across 15 major networks, covering major assets including BTC, ETH, BNB, SOL, TRX, XRP, DOGE, AVAX, SUI, ARB, along with USDT and USDC.
Funds Covered: Binance has already replenished over 95% of affected assets using corporate resources, with outstanding balances fully backed by exchange reserves.
User Loss Protection: As committed, Binance is absorbing 100% of the financial impact.
⚙️ What to Expect Next
Phased Rollout: Additional token wallets are undergoing ongoing security audits and perimeter checks. Subsequent phases will be prioritized based on market capitalization, locked funds, and user base.
Processing Times: Due to high initial transaction volume, some withdrawal requests may experience minor delays. If a transaction fails, retry after a short interval.
Stay tuned to official channels for updates on Phase Two supported assets.
#Binance #CryptoNews #CryptoCommunity #SAFU $BTC $BNB $USDC
Binance has officially initiated Phase One of withdrawal restorations following the recent security incident.
Here is what you need to know about the current status:
📌 Key Highlights
Phase One Active: Withdrawals are opening across 15 major networks, covering major assets including BTC, ETH, BNB, SOL, TRX, XRP, DOGE, AVAX, SUI, ARB, along with USDT and USDC.
Funds Covered: Binance has already replenished over 95% of affected assets using corporate resources, with outstanding balances fully backed by exchange reserves.
User Loss Protection: As committed, Binance is absorbing 100% of the financial impact.
⚙️ What to Expect Next
Phased Rollout: Additional token wallets are undergoing ongoing security audits and perimeter checks. Subsequent phases will be prioritized based on market capitalization, locked funds, and user base.
Processing Times: Due to high initial transaction volume, some withdrawal requests may experience minor delays. If a transaction fails, retry after a short interval.
Stay tuned to official channels for updates on Phase Two supported assets.
#Binance #CryptoNews #CryptoCommunity #SAFU $BTC $BNB $USDC