Here’s when Binance plans to reopen after $6.3 billion hack

Binance has suffered the largest cryptocurrency hack in history, involving $6.3 billion in various assets, but the exchange expects to resume cryptocurrency withdrawals within 45 hours. Indeed, the exchange confirmed on X earlier on Friday, October 30, that it remained on schedule to restore withdrawal services within the stated timeframe. “Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We are still on track towards the expected timeline to resume the withdrawal service in 45 hours. Deposits remain unaffected,” the exchange wrote. Binance has already secured funds to cover the losses The company further said it’s working with both law enforcement and industry partners to investigate the incident and recover the stolen assets as soon as possible.

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