Hacked Exchange Binance to Resume Withdrawals and Deposits, Could Spark Raging Crypto Rally

By CCN: The world’s largest crypto exchange Binance, which temporarily paused deposits and withdrawals following its high profile hack that resulted in the loss of around $49 million worth of bitcoin, is set to fully resume deposits and withdrawals on Tuesday. On May 10, Changpeng Zhao, the CEO of Binance, stated in an official update that the exchange is planning to resume deposits and withdrawals early next week, and the company is on schedule in reopening the platform subsequent to a relatively large security breach. For Binance, the 7,000 BTC hack seemingly poses virtually no threat to its operations and The post Hacked Exchange Binance to Resume Withdrawals and Deposits, Could Spark Raging Crypto Rally appeared first on CCN