Binance Begins Reopening Withdrawals With Bitcoin After $6.3 Billion Hack
AI summary
Binance has started reopening withdrawals, beginning with Bitcoin, after a $6.3 billion hack hit the exchange. It says roughly 95% of the impacted amount has been replenished, with less-liquid tokens making up the remaining 5%. Traders will watch whether withdrawals stay smooth and whether the unrecovered 5% in illiquid assets shakes confidence in Binance's solvency and in BTC market liquidity.
