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Binance Says Phased Withdrawals Could Return in About 34 Hours After $6.3B Hack

AI Market Summary
Binance's $6.3B hack and temporary withdrawal suspension represent a severe crypto-market shock. Phased withdrawal resumption within roughly 34 hours and Monday's Proof of Reserves update are critical for restoring confidence. Until then, counterparty risk, liquidity concerns, and contagion fears are likely to weigh on BTC and broader digital-asset sentiment.
Impact level
● High
Affected assets
BTC/USDT+0.26%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Binance said phased withdrawals could start returning in about 34 hours after a $6.3 billion hack, with fresh Proof of Reserves results due Monday. The exchange is restoring access in stages while it verifies reserves and security controls.
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