Binance Halts Withdrawals Until Security Checks Are Complete! Here Are the Details

Cryptocurrency exchange Binance announced it has temporarily suspended withdrawals following a hot wallet attack that occurred overnight. Binance Co-CEO He Yi stated that withdrawals will not resume until security conditions are confirmed to be completely secure. In a statement made via the social media platform X, He Yi stated that withdrawal transactions were suspended to ensure user security. He Yi emphasized that transactions would not be reopened until the current security environment was ensured to be secure, and asked users for their understanding.