Summary:
Binance said on Saturday that it plans to restore withdrawal capabilities for all remaining networks and assets by the end of next week. Previously, the world's largest cryptocurrency exchange suffered a network intrusion, resulting in the theft of $6.3 billion worth of assets on the platform last month; currently, the exchange's operations are gradually returning to normal.
Binance posted on social platform The article stated: "This week, we have restored the withdrawal function of 87 networks. Our goal is to restore the withdrawal function of all remaining networks and assets before the end of next week."
At the beginning of this month, Binance began to restore the withdrawal function in stages. Previously, Binance had replenished 95% of the $6.3 billion in stolen tokens on the platform. Experts say this is the largest cryptocurrency theft to date.
The theft highlights the vulnerability of digital assets to attacks and raises questions about how the hack will affect Binance. Binance has promised to fully compensate customers for their losses.
Just over a week after the theft, Binance CFO Kaiser Ng left the company to pursue a new career; he had previously worked at Binance for more than five years. He will be replaced by veteran finance executive Justin Yek, who previously served as Airwallex's vice president of finance.
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