Binance said it has reopened its Bitcoin network in the first phase of resuming withdrawals following a major hack attack on about $6.3 billion in funds.
The crypto exchange suspended user withdrawals following Thursday’s attack, which the FBI blamed on North Korean agents.
“The first batch network now open in the first phase of withdrawals is the $BTC Bitcoin network.” Binance said on X.
In one previous X announcement On Sunday, Binance announced that it would gradually introduce withdrawal services, which will be available gradually. Updates will be available on the official X channel, it added.
“We are taking a phased approach by prioritizing tokens based on user demand data over the last week, so that each network and asset pair can be carefully restored and stability and security checks are completed before access is reopened,” Binance said.
Users should check the withdrawal page for their selected asset and network or visit Binance Network status page to confirm availability, the company said.
Some congestion, longer processing times and even temporary delays can be expected during the phased rollout, Binance said. If a withdrawal is not successful, users should try again after a short period of time.
Cointelegraph reported on Saturday that Binance said it had replenished 90% of the assets stolen in the hack, up from 80% a day earlier, and remained on track to resume withdrawals on Sunday.
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