Back to news
SafetyHigh impact — Significance is rated automatically and is not a price signal.
Binance Reportedly Begins Reopening Bitcoin Withdrawals After Reported $6.3 Billion Hack
(2 hours ago) · 1 source · Summarized by CryptoBipto
According to a report from The Defiant, Binance has begun reopening withdrawals starting with Bitcoin following what is described as a $6.3 billion hack. The exchange had apparently suspended withdrawals in the aftermath of the incident. Details about the full scope of the hack and the status of affected user funds remain unclear from this single source.
WHY IT MATTERS
A cryptocurrency exchange is like a bank where people store their crypto.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- thedefiant.io
RELATED
BTCExchange SecurityHacksBinanceSelf-CustodyWithdrawal Suspension
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.