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Binance to resume crypto withdrawals in phases after record $6 billion hack

Binance to resume crypto withdrawals in phases after record $6 billion hack

Investing.com — Binance said it would begin restoring customer withdrawals in stages on Sunday after a record cryptocurrency theft exceeding $6 billion forced the world’s largest digital asset exchange to suspend transactions and raised concerns about security across the industry.

The exchange said the first phase would run from 2 p.m. to 5 p.m. Singapore time on November 1, with additional cryptocurrencies and blockchain networks restored after security and stability checks.

Binance said it would prioritize assets based on customer withdrawal demand over the previous week, allowing services to resume gradually rather than reopening all transactions simultaneously.

The announcement follows a…

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