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Binance reopens withdrawals on 87 networks after $6.3 billion breach
Binance has reopened withdrawals across 87 blockchain networks while it continues to recover from a security breach that the reporting puts at $6.3 billion.
Withdrawals resume on 87 networks
According to Bitcoin.com News, the cryptocurrency exchange has restored withdrawal services on 87 blockchain networks. The step is part of a wider recovery after a security breach the outlet values at $6.3 billion.
Exchange data on bitcoin reserves and flows
Separately, market data gives a closer look at Binance's bitcoin reserves and at inflows, outflows and netflows on the exchange. The available material does not connect these figures to the reopening of withdrawals.
About Binance
Binance is a cryptocurrency exchange and finance company based in the United Arab Emirates and founded in 2017. Its products and services include cryptocurrencies.
Open questions
- Which networks remain closed to withdrawals?
- How much of the $6.3 billion loss has been recovered?