Cryptocurrency exchange Binance is preparing to leave its $40 million hack behind it, confirming it had relaunched most of its service May 15.
Binance Goes Live (Again)
Only around one week after hackers managed to circumvent security mechanisms in what CEO Changpeng Zhao said was a coordinated attack, Binance is finishing its last checks before going fully live.
According to the latest announcements from developers, trading and deposits will become available first, with withdrawals shortly afterwards.
“Binance has completed its system upgrade and we will resume all trading activity at 1:00 PM (UTC),” a statement reads.
From now until the commencement of trading, users will be able to cancel open orders, process deposits and use other account related functions. Please note that the withdrawal function will be available shortly after trading resumes.
Developers had frozen operations completely earlier on Wednesday in order to conduct the “system upgrade,” about which little is known.
Zhao had given a running…