cryptocurrency exchange giant Binance announced on the 15th that it has completed security updates and has resumed deposit and withdrawal and trading .
🚨 Trading is now LIVE! 🚨
Thank you, for all of your patience and incredible support. Pic pic.twitter.com/DPZhBLLyL4
The Exchange suffered hacking damage on May 7 and lost 7,000 BTC. Four days after the incident, CEO CZ issued a statement about the update, and said it would make major changes to security related systems such as API, 2FA, and withdrawal authentication process.
Binance Announces Security Update Statement Will Deposits and Withdrawals Resume Next Week – CRYPTO TIMES
The update was originally supposed to take 6 to 8 hours, but finally it was completed at 21:30 on 15th in Japan time after several hours of extension.
Currently, transactions of all handling pairs are of course resumed as well as deposits and withdrawals.
The utility token issued by Binance, BNB Coin ($ BNB), showed a significant increase of up to 12% or more immediately after the update was completed , and reached a record high of 27.8USD .
Binance seems to have been favorably received the launchpad announcement, as well as the company’s quick response and complete coverage of the damaged assets.
Article Source: Twitter, Coinmarketcap
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Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/Binance-resume-trading/
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