Binance Expects to Start Resuming Withdrawals Within 48 Hours

Binance co-founder Yi He said the exchange expects to resume withdrawals within 48 hours, while deposits are already operating normally. Binance pledged to cover losses from an incident it estimates had a $6.3 billion impact. A halt on withdrawals at the largest exchange is a major confidence test for crypto markets, and traders will watch whether the promised reimbursement and the 48-hour timeline hold.