Hacked Crypto Exchange Binance to Resume Deposits and Withdrawals on Tuesday

Published on by Coindesk | Published on

Binance CEO Changpeng Zhao has announced that the crypto exchange plans to resume deposits and withdrawal services on Tuesday.

Our team is making progress and has been working through the weekend.

We aim to fully resume deposits and withdrawals on Tuesday.

Currently, all withdrawal and deposit actions are marked "Suspend" and cannot be carried out on the exchange.

At least one user has said on social media that they were able to send deposits to the address by way of previously identified addresses.

In previous announcements the exchange announced upcoming support for hardware-based 2FA devices like YubiKey.

Binance announced the breach last week, saying that unnamed hackers made off with 7,000 BTC from the exchange's hot wallet.

The hackers accessed both user API keys and two-factor authentication codes to withdraw the crypto.

The exchange stopped withdrawals and deposits but allowed intra-token trading on the site.

The hackers quickly moved the stolen bitcoin, causing some to speculate that they are preparing the launder the money through multiple exchanges.

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