Binance recovers deposits/withdrawals funds

Cryptomaniac
By May 13, 2019 09:59

CEO Binance Changpeng Zhao - Coinconomist_1

Recently, a hacked cryptocurrency exchange Binance announced the resumption of deposit / withdrawal of funds on Tuesday, May 14.

According to the head of the exchange Changpeng Zhao, the platform will resume its functionality on Tuesday, but the exact time is still unknown:

“Our team has made significant progress working over the weekend. Over the past few days, we have significantly improved our system by adding or completely reworking many advanced security features,” Zhao said.

Recall that the exchange was hacked on May 7, as a result of which the attackers withdrew from the platform 7000 BTC. That is why the representatives of the exchange decided to suspend the withdrawal to conduct a security audit of Binance systems.

We also note that during the hacking discussions, Zhao informed the community that the exchange also plans to launch margin trading, the system of which is already undergoing testing.

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Cryptomaniac
By May 13, 2019 09:59