BINANCE REOPENS WITHDRAWALS AFTER SECURITY RESET
Binance co-CEO Yi He says the exchange focused on securing its systems before restoring withdrawals and normal operations following the security incident.
She contrasted this response with platforms that disappear with user funds, leaving customers without transparent records or clear explanations.
Binance says it has shared regular updates, published a new Proof of Reserves snapshot, replenished 90% of affected assets, and reopened withdrawals in phases on November 1.
When an exchange faces a security breach, should users judge it by how quickly withdrawals resume or by how transparently it handles the crisis?
Binance co-CEO Yi He says the exchange focused on securing its systems before restoring withdrawals and normal operations following the security incident.
She contrasted this response with platforms that disappear with user funds, leaving customers without transparent records or clear explanations.
Binance says it has shared regular updates, published a new Proof of Reserves snapshot, replenished 90% of affected assets, and reopened withdrawals in phases on November 1.
When an exchange faces a security breach, should users judge it by how quickly withdrawals resume or by how transparently it handles the crisis?
