WORLDTECHBinance reopens HYPE and APT withdrawals during hack recovery
Binance has restored withdrawals for the altcoins HYPE and APT, two weeks after an October hack, according to a report by crypto.news. Other assets remain under security checks, and both tokens were trading lower on November 8.
Withdrawals resume for two altcoins
According to crypto.news, the exchange restored withdrawals for Hyperliquid (HYPE) and Aptos (APT) on Sunday, November. The report describes the move as part of a broader recovery following the October hack at the Binance exchange.
Withdrawals for other assets have not yet been restored, as those assets are still awaiting security checks.
Token prices slip and reserves fall
Both HYPE and APT were trading lower on November 8, the report says.
Separately, CryptoQuant's latest exchange metrics show substantial declines in bitcoin, ether and stablecoin reserves. The same data suggests that daily withdrawal pressure is easing, though the figures themselves do not indicate how the reserve declines relate to the hack.
Background on Binance
Binance is a cryptocurrency exchange and finance company founded in 2017 and based in the United Arab Emirates.
Open questions
- When will withdrawals for the remaining assets be restored?
- Will the security checks on the other assets be completed?