Binance To Enable Deposit And Withdrawals Tomorrow, Tuesday, May 14th
The Binance hack incident, however elegantly handled, did create a bit of a turmoil in the markets, not only because of the amount that was stolen (roughly 7,000 Bitcoin, or approximately $41 million), but because of the suspension of deposits and withdrawals on the biggest crypto exchange in the world.
And with the crazy swings the crypto market saw during the last couple of days, this suspension created a lot of frustration amongst traders willing to ride the volatility wave.
Luckily, according to a tweet by Changpeng Zhao, or CZ, how it's better known, the Binance CEO, deposits and withdrawals will be restored as soon as tomorrow, Tuesday, May 14th.
Still unsure if this will happen in the morning or in the afternoon, though.
I think this incident is important because of the volume of the exchange. Restricting the capital movement in the largest crypto exchange can easily create market effects.
It wouldn't be far fetched, in my humble opinion, to count this situation as one of the causes of the latest Bitcoin surge.
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@dragosroua,
Hope that might be a good news for all of crypto traders and investors! Thanks for updating us!
Cheers~
though it is a good news, binance should still need to check and re-check its corrupted team members.
Think its time to 'sell the news' then?
That is great to hear