Binance Resumes Crypto Withdrawals After Record Hack, 95% of Losses Covered
Binance began restoring withdrawals on November 1, three days after a record $6.3 billion hack. Bitcoin was the first network to reopen as part of a controlled rollout. Meanwhile, the exchange says it has already covered about 95% of the stolen funds from its own reserves. How Binance Is Restoring Withdrawals After the Hack A The post Binance Resumes Crypto Withdrawals After Record Hack, 95% of Losses Covered appeared first on BeInCrypto.
Read Full Article on BeInCryptoSummary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
CZ Praises US Authorities for Halting $6B Binance Hack Fallout
The co-founder and former CEO of Binance praised the role U.S. law enforcement agencies played in handling the aftermath of the over $6 billion hack the exchange suffered at the hands of North Korean hackers, crediting them with keeping the market afloat. CZ…
Thorchain Glitch Blocks Binance Hack Route as FBI Presses Nodes
A one-block Ethereum reorganization on Saturday triggered a double refund involving 10 ETH on Thorchain, setting off an emergency pause that disrupted cross-chain swaps across most of its supported networks. Chainalysis said the malfunction inadvertently…
North Korean hackers launder $242 million of Binance loot via Tron as FBI presses THORChain: analyst
Crypto bridges Relay, THORChain, Chainflip and Symbiosis moved about $140 million of stolen funds off Tron, with Relay handling the most at $48 million.