After the $40 million hack last week, Binance has finally resumed withdrawals and deposits. Yesterday, the cryptocurrency exchange announced that it will be performing a system upgrade after which both deposits and withdrawals will be enabled. The official announcement titled “System Upgrade Notice” stated:

Binance will suspend deposits, withdrawals, and trading during this period. Deposits that are not completed before the start of the upgrade will be processed after the upgrade is complete. Please allow some time for deposits to be reflected in your account following the system upgrade.”

The nature of the wording in the announcement is somewhat misleading because saying “Binance will suspend deposits and withdrawals” while they were never enabled in the first place is at the very least confusing.

After extending the initial system upgrade by two hours, Binance announced that the system upgrade was complete and users can now resume using the exchange as normal.

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