A post by @WatcherGuru on X.
JUST IN: Binance to resume withdrawals in phases within the next few hours for the first time follow…
@WatcherGuru on X
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Binance will resume withdrawals in phases within the next few hours, marking the first such resumption since the exchange suffered a $6.3 billion hack, according to a Watcher.Guru report. The phased approach suggests Binance is restoring functionality gradually rather than all at once, a move likely aimed at managing liquidity demands and verifying system integrity as user outflows resume. The $6.3 billion loss ranks among the largest exploits in crypto history, and the resumption of withdrawals is a critical test of the exchange's solvency and operational resilience. Restored outflows could stabilize sentiment if processed smoothly, but heavy withdrawal volumes could strain reserves and renew concerns about coverage of the shortfall. Watch for the pace and completeness of the phased rollout, whether withdrawal volumes spike or taper, and any disclosure from Binance on how the $6.3 billion hole will be covered.
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