Binance Plans to Resume Withdrawal and Deposits After the Horrendous Hacker Attack

As we reported earlier, the largest cryptocurrency exchange in terms of trading volume Binance suffered a massive hacker attack. The cyber criminals used various methods to bypass security systems of the exchange and get hold of enormous amount of money as well as the private information on the customers.

To prevent further losses, the management of Binance immediately froze all operations on the platform except the internal token trading. Considering the amount of customers of the exchange, it caused major inconveniences.

However, according to the CEO of Binance Changpeng Zhao, they are currently working hard on tracking down the stolen assets, improving their security systems and, most importantly, they will be able to resume withdrawal and deposit options shortly.

We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on how the testing goes. This upgrade will require a trading halt. We will update you again tomorrow,” he said.

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