Binance Reveals When It Will Resume Withdrawals After Historic Hack

Binance co-CEO Yi He has said the crypto exchange expects to restore withdrawal services within the next 48 hours. "We're working on improving the withdrawal service and related address controls," she said. According to Yi He, deposits are unaffected and are operating as usual. However, Yi He didn't specify when withdrawal services would be fully restored. This announcement was made after Binance temporarily paused deposits and withdrawals as it was looking into what appears to be the biggest crypto hack in history. According to the crypto exchange, the estimated impact of the incident is around $6.3 billion.