Binance gives 48-hour withdrawal target while Bitcoin deposits remain open

Binance withdrawals remain suspended while deposits operate normally, leaving Bitcoin holders able to send assets into its global platform without an available crypto withdrawal route out. The exchange's Oct. 30 security update estimates the incident's total impact at around $6 billion. For a holder who wants Bitcoin in a personal wallet or on another venue, an exchange balance and a completed blockchain transfer are different outcomes. Binance News reports an expectation that withdrawals will resume within 48 hours as the exchange overhauls the withdrawal service and related addresses. CryptoSlate's Oct. 30 report describes Binance's latest update as estimating resumption in 45 hours. These are reported restoration estimates; neither establishes a precise verified reopening time.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CryptoSlate.