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Binance Resumes Crypto Withdrawals Post-Hack

1 Nov

Summary

Binance has resumed withdrawals for select assets and networks.
Withdrawals will be rolled out in phases, starting with specific networks.
The exchange reported a significant hack with potential losses up to $6.3 billion.

Binance, a prominent cryptocurrency exchange, has initiated the phased resumption of asset withdrawals for some of its users. This move signals a step towards recovery after a significant security incident.

The exchange detailed that the withdrawal process will be implemented progressively. The first phase includes specific networks and assets. Users can now withdraw BTC on the BTC network; ETH, USDT, and USDC on the ETH and OP networks; BNB on the BSC network; XRP on the XRP network; ETH and USDC on the Base network; DOGE on the DOGE network; ARB, ETH, USDT, and USDC on the Arbitrum network; and TRX and USDT on the TRX network.

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