The company froze all deposits and withdrawals after hackers stole $6.3 billion worth of crypto from Binance wallets. In its latest update, Binance said it has now covered 95% of the stolen assets, and it's still working to buy the 'remaining affected assets,' which are 'less liquid in the market and take longer time to source at the required scale.' As for the withdrawal freeze, Binance said it did not make the decision lightly, as it understands 'how important reliable access to withdrawals is for our users.' Nonetheless, the company said this was a necessary 'precaution while our teams worked to contain the incident loss, assess its impact, restore affected services, and complete security checks.' Binance will resume supporting withdrawals in phases, depending on network and asset type. As of Sunday morning, the company's network status page showed a mix of normal, partially suspended, and fully suspended statuses ' for example, Bitcoin withdrawals and deposits are still listed...
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