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Binance Announces Phase One of Withdrawals After Reported $6.3 Billion Hack
(2 hours ago) · 1 source · Summarized by CryptoBipto
Binance has reportedly announced the opening of phase one of withdrawals following what is described as a $6.3 billion hack. The exchange says it is restoring withdrawal access in stages. Details about the full scope of the incident and the timeline for complete restoration remain limited.
WHY IT MATTERS
A cryptocurrency exchange is a platform where people buy, sell, and store digital currencies — similar to a bank or brokerage account.
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SOURCES
- cointelegraph.com
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