bitcoin ·
Binance to Resume XRP, Bitcoin, Ethereum and Other Crypto Withdrawals
Cryptocurrency exchange Binance will allow withdrawals for major cryptocurrencies such as XRP, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), among others, after suspending withdrawals because of a massive security breach involving $6.3 billion.
3 outlets · u.today · dailyhodl.com · bitcoinmagazine.com
1 that the exchange would begin resuming withdrawal services between 06:00 and 09:00 UTC. Binance emphasized that the withdrawal resumption process will be carried out progressively as the exchange conducts security and infrastructure readiness checks.
"We aim to restore withdrawals progressively as we complete security and readiness checks," said Binance. Binance continued to offer deposit services during the security breach.
The first phase of withdrawal resumption will include a total of 15 blockchain networks. Other cryptocurrencies that will be available for withdrawals include Zcash (ZEC), Avalanche (AVAX), Sui (SUI), Polygon (POL) and Arbitrum (ARB).
Withdrawals of major stablecoins such as Tether (USDT) and USD Coin (USDC) will also be enabled on multiple networks. The exchange noted that it selected the assets based on user withdrawal demand over the past week. The exchange also warned that not all listed cryptocurrencies and networks may be enabled at the same time.
