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Binance begins second withdrawal phase following record hack

Binance's second withdrawal phase follows a record hack, signaling systemic risk.

Context
What happened: Binance plans a second phase of cryptocurrency withdrawals starting Tuesday, following an initial reopening on Nov. 1 after last week's hack. Key numbers: $6.3 billion hack. Second withdrawal phase from 04:00 UTC on Tuesday. Initial reopening on Nov. 1. Related report cites $5.8B net outflows. Why it matters: Binance says additional assets will reopen progressively as security and readiness checks are completed, prioritizing tokens by user demand over the past week. Deposits remain available. Coverage: 4 outlets in 24h
What changed
Binance plans a second phase of cryptocurrency withdrawals starting Tuesday, following an initial reopening on Nov. 1 after last week's hack.
Why it matters
Binance says additional assets will reopen progressively as security and readiness checks are completed, prioritizing tokens by user demand over the past week. Deposits remain available.
Sources
cointelegraph
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