Cryptocurrency exchange Binance,The Liar (2014) 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.
SEE ALSO: Not caring about bad news, Bitcoin goes above $6,000 for the first time this year"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.
"We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on how the testing goes. This upgrade will require a trading halt," he wrote, promising another update tomorrow, as well as a longer update with more details after all operations on the platform have been resumed.
The news of the hack, as well as halted withdrawals and deposits on one of the world largest cryptocurrency exchanges, didn't do much to stop Bitcoin's meteoric price rise. Over the weekend, Bitcoin at one point reached the price of $7,500, the highest since August 2018, and more than double the price from just three months ago. Bitcoin's price has tapered off significantly on Monday, and is currently at $7,029.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
Topics Bitcoin Cybersecurity Cryptocurrency
Watch how an old Venus spacecraft tumbled before crashing to Earth
Project Ludicrous
“Lit It Crowd” Lousy with Parisians by Lorin Stein
Staff Picks: A Bouquet to Sybille Bedford; Martin Amis in Brooklyn by The Paris Review
Big-League Bluster
Force Multiplier
Unhuman Resources
Revenge of the Courtier
The Anatomy of Liberal Melancholy
Ida Kar by Nicole Rudick
Best speaker deal: Save $30 on the JBL Clip 5
Schumer’s Warning
Pray for Q
Where the Vile Things Are
The Anatomy of Liberal Melancholy
The first images of Earth are chilling
Invisible Crisis
Cruel to Your School
'The Last of Us' Season 2, episode 4: Why Ellie sings 'Take on Me'
The Outcasts of W. Eugene Smith’s Jazz Loft
What to do if you're trapped in an infinity scarfBasslet's wearable subwoofer lets you feel the bass in your bodyPeople are losing it over these ridiculously posh baby name suggestionsNext wave of cheap smartphones should cost $30: Google CEO Sundar PichaiThe ad block apocalypse didn't arrive and doesn't look like it's going toAugmented reality app from IBM and NY Times tries to make history funTwitter account imagines how Trump would tweet if he was matureChelsea Handler to lead 'Women's March' at the Sundance Film FestivalThe people taking Trump’s secretary of state pick to court aren’t who you’d expect'Fault in Our Stars' author expands YouTube empire with fitness channelChina slams Trump's 'obsession with Twitter diplomacy'1 simple New Year’s resolution for more retirement savingsHow ground5 moments that made MS Dhoni India's 'Captain Cool'New guidelines aim to stop kids' peanut allergies before they startAll the ways to watch the biggest college football game of the yearExtremely dedicated 'Dota 2' player chronicles over 175 in'Fault in Our Stars' author expands YouTube empire with fitness channelWhat it's like to show a sex toy at CESWhat it's like to show a sex toy at CES Facebook is giving users more control over what they see in their news feed Twitter launches shopping feature inside livestreams Netflix's 'Arcane' is a masterpiece of animation Google Lens allows you to identify dog and cat breeds Steve Kornacki is restoring our faith, one chewed pen at a time Someone found the 18th Nintendo's Zelda 'Game & Watch' review: An adorably functional nostalgia blast Owls born outside of office window won't stop staring at workers inside How to make Thanksgiving stuffing in an air fryer Will Smith shines in 'King Richard,' a biopic about tennis coach Richard Williams 5 big mistakes to avoid while setting up a dating app bio Thousands of Tesla Model X and S vehicles recalled over airbag defect Facebook removes pages belonging to white nationalist Richard Spencer Sandbox games are here to stay and I'll never get tired of them How Apple TV's 'Foundation' is different from the books 'Malfunction' review: We're still failing Janet Jackson Polestar has unveiled the official name and launch date for its new electric sedan How to stop TikTok from suggesting your account from shared links Someone Photoshopped Mark Zuckerberg as Data from 'Star Trek' and it's incredible Trump tweet with John Kelly face
2.1565s , 8199.8671875 kb
Copyright © 2025 Powered by 【The Liar (2014)】,Fresh Information Network