May 13, 2019
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Binance Withdrawals, Deposits to Resume Tomorrow Following Hack

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Binance Withdrawals, Deposits to Resume Tomorrow Following Hack

Hacked cryptocurrency exchange Binance plans to have deposit and withdrawal services up and running again by tomorrow, CEO Changpeng Zhao revealed.

In a company blog update, Zhao claimed the team had made ”significant overhauls” to the system, adding or restructuring the architecture of the exchange’s advanced security features. Upgrading the system requires a trading halt, he noted, with the exact time of withdrawals and deposits resuming to be shared at a later stage, although it is expected to be some time tomorrow.

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