Binance to open withdrawals within 48 hours following cyberattack
Binance suspended deposits and withdrawals following a cyberattack that caused an estimated $6.3 billion impact. While $2.54 billion of the frozen assets have been confirmed, transactions are expected to resume within 48 hours.
Cryptocurrency exchange Binance announced that the platform suffered a suspected cyberattack involving unauthorized withdrawals, stating that the estimated total impact is approximately $6.3 billion.
To prevent losses, approximately $3 billion worth of assets were frozen on-chain. Binance emphasized that while various figures regarding the frozen assets are being discussed publicly, the confirmed net figure so far is $2.54 billion.
As part of security measures, deposits and withdrawals on the platform were temporarily suspended. According to a statement by Binance Co-CEO Yi He, these suspended transactions are expected to be restarted within the next 48 hours.
The company stated that all losses will be covered by the Secure Asset Fund for Users (SAFU) and the company's own resources. Meanwhile, Binance TR reported that all user assets on its platform in Turkey are secure and services continue without interruption.
Sources
- sabah.com.tr · Link