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Binance CEO Teng Aims to Restart Withdrawals Sunday Following Hack
(3 hours ago) · 1 source · Summarized by CryptoBipto
Binance CEO Richard Teng has announced a target of Sunday to resume withdrawals after the exchange experienced a hack. The exchange had paused withdrawals as part of its response to the security incident. Details about the scale of the hack and any losses remain under review.
WHY IT MATTERS
When a cryptocurrency exchange gets hacked, it is somewhat like a bank being robbed — except in crypto, transactions can be irreversible, making recovery harder.
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SOURCES
- thedefiant.io
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