Binance to resume withdrawals within 48 hours after $6.3B hack

Binance plans to allow withdrawals in 48 hours after a precautionary pause to conduct security checks following the recent hack. In the exchange's latest service update, Yi He, Co-Founder and Co-CEO of the exchange, said, Deposits remain unaffected and continue to operate as normal. Our team is currently working on enhancements to the withdrawal service and related address controls. We expect to begin resuming withdrawal services in the next 48 hours. The hack began at around 20:20 UTC on Thursday, 29th October, targeting Binance’s primary Ethereum hot wallet.