Binance announced on Sunday that it has resumed withdrawals from its cryptocurrency exchange following a significant security breach, which the exchange called the largest cyber heist in history.
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In a series of statements made on X, Binance confirmed that it has re-enabled withdrawals for bitcoin, ether, and several other digital currencies. The exchange plans to gradually allow more withdrawals as it completes ongoing security checks.
Prior to this announcement, Binance had temporarily blocked customers from withdrawing their funds while its team worked to secure accounts and assess the extent of the losses incurred during the incident.
The company did not disclose the exact amount lost in the cyber attack, which has raised concerns among customers and the broader cryptocurrency community. More updates on the situation are expected as Binance continues to implement its security measures and restore full functionality to its platform.
