Binance Says It Plans To Resume Withdrawals This Weekend After $6.3 Billion Hack - Forbes Middle East
Binance, the world's largest cryptocurrency exchange, announced plans to resume withdrawals this weekend following a $6.3 billion security breach.
The cryptocurrency exchange confirmed the security incident through Forbes Middle East, revealing that withdrawals will be restored by the weekend. The $6.3 billion hack represents one of the largest cryptocurrency thefts in history.
Binance's team has been working around the clock to secure the platform and investigate the breach. The company has assured users that their funds remain safe despite the security lapse.
Security Breach
The hack occurred earlier this week when attackers exploited vulnerabilities in Binance's systems. The exchange immediately halted all withdrawals to prevent further losses while conducting a thorough investigation.
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