Binance said in a post on X that its team is carrying out a security review and that withdrawals will resume only after the security issue is fully resolved. The exchange said user funds remain safe and that it will continue to provide updates. Earlier, Binance had said some users were unable to withdraw because of a technical error and that recovery work was underway. Separately, on-chain data indicated that Binance’s hot wallet may have been attacked, with related asset outflows possibly reaching $5.6 billion. The company’s latest statement did not provide a timeline for restoring withdrawals, but it said updates would follow as the situation develops.
Binance said in a post on X that its team is conducting a security review, and withdrawals will resume after the security issue is fully resolved. The exchange said user funds remain safe and that it will continue to share updates.
Earlier, Binance had said that some users were unable to withdraw because of a technical error, and that services were being restored.
On-chain data showed that Binance’s hot wallet was suspected of being attacked, with related asset outflows possibly reaching $5.6 billion.
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