Binance to reopen deposits in 30 minutes and withdrawals ‘shortly after that’

Binance announced that it will reopen deposits in 30 minutes and withdrawals "shortly after that" after a week of upgrading the security system, which was initiated after the hack that resulted in a loss of $41 million worth of bitcoin. Last week, Binance announced that it was making "significant changes to the API, 2FA, and withdrawal validation areas, which was an area exploited by hackers during [the hack]."

The stolen bitcoin remains consolidated in just seven addresses. Binance is still working "industry-leading security expert teams" to track down the hackers and also with many exchanges and other service providers to freeze the stolen funds.

Original source
https://www.theblockcrypto.com/tiny/binance-reopens-withdrawals-and-deposits-a-week-after-41-million-hack-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=default

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