Cryptocurrency exchange Binance, which is recovering from last week's security incident which allowed hackers to steal 7,000 bitcoins (roughly $40 million), said on Monday it has strengthened its security and promised it will allow deposits and withdrawals on Tuesday, May 14.
Following the hack, Binance halted all deposits and withdrawals to its platform until it could fully investigate what had caused the security breach. Trading on Binance was allowed to continue.
"In the past few days, we have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected. We will share details on some of the changes later," Binance CEO Changpeng "CZ" Zhao wrote in a blog post. Read more...
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