Binance to restore withdrawals by Nov 1 post-hack
Later, she stated that she would partially resume the withdrawal of user funds on Sunday. ... Withdrawal of funds has been resumed for seven networks and their assets. It is clarified that the assets in question are in Bitcoin, Ethereum, USDT, and several other cryptocurrencies.
Consensus
- Binance is restoring withdrawal services after a cyberattack.
- The restoration is planned to be completed by November 1.
- Work is progressing according to schedule.
- User funds were not compromised.
- Binance has reserved over $6.34 billion in its own funds to cover losses.
- The company is conducting security checks and testing the system before restoring withdrawals.
- The attack involved unauthorized access and the use of the EIP-7702 multisignature protocol to bypass standard procedures.
- No evidence of private key leaks was found.
Points of divergence
- Binance plans to restore withdrawals by Sunday, with work expected to finish within 40 hours. — tg_tass_agency
- The full report on Binance's reserve confirmation will be published by November 2. — vm
- The initial investigation pointed to a laptop breach, but further analysis revealed multiple intrusion points and that the attack was not carried out by a single individual. — vm
Coverage (9 sources)
- Binance to begin gradually resuming withdrawals of funds for an additional list of crypto assets and networks from 07:00 MSK on November 3... — ТАСС (Telegram)
- Binance reported on resumption of withdrawals from part of assets. Crypto exchange also continues to sequentially introduce support for additional assets and networks as security checks are completed. — ТАСС (Telegram)
- Binance reported on resumption of withdrawals from part of assets. Crypto exchange also continues to sequentially introduce support for additional assets and networks as security checks are completed. — ТАСС (Telegram)
- Cryptocurrency exchange Binance partially resumed withdrawals after hack — РИАМО
- Cryptocurrency exchange Binance partially resumed withdrawals after cyber attack — Вести
- Cryptocurrency exchange Binance partially resumed withdrawal capability after hack — Вечерняя Москва
- Crypto exchange Binance plans to start restoring withdrawals on November 1 — Вести
- Binance plans to restore withdrawals to Sunday after cyber attack. Work is on schedule and may conclude... — ТАСС (Telegram)
- Binance plans to resume withdrawals by November 1 — Вечерняя Москва