Binance Targets Withdrawal Restart Within 42 Hours After Freezing $3B of $6.3B Hack
Binance plans to reopen withdrawals within 42 hours, CoCEO Yi He said in a video a day after halting them after a record hack on Thursday. About $3B of an estimated $6.3B taken has been frozen. Binance set aside over $6.34B in company funds, roughly $5B in the stolen tokens, the rest bought on market. CEO Richard Teng said a full Proof of Reserves report follows by Monday.