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The CEO of Binance, Changpeng Zhao, announced that the cryptographic exchange planned to resume the services of deposit and withdrawal Tuesday.
He wrote in a brief update:
Our team is progressing and working all weekend. Over the past few days, we have made extensive revisions of our system, with the addition of a large number of advanced security features and / or a complete redesign of the architecture . We will share details of some of the changes later.
Our goal is to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on the state of progress of the tests. This upgrade will require a business stop. We'll let you know tomorrow.
At present, all withdrawal and deposit shares are marked "Suspended" and can not be redeemed. However, at least one user said on social media that they were able to send deposits to the address through previously identified addresses.
In previous announcements, the Exchange announced the upcoming support for hardware-based 2FA devices, such as YubiKey.
Binance announced the violation last week, claiming that anonymous hackers had stolen 7,000 BTCs (worth about $ 41 million at the time) from the stock market's portfolio. Hackers accessed both the user API keys and two-factor authentication codes to remove encryption.
The stock market stopped withdrawals and deposits, but allowed intra-token transactions on the site. Hackers quickly moved the stolen bitcoin, implying that some are preparing money laundering through multiple exchanges.
Image via Coindesk Archive.
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