Binance has begun the second phase of its withdrawal process, allowing users to access more assets after a temporary halt. The exchange initially reopened on Sunday, but only a limited number of assets were available for withdrawal. The new phase will enable users to withdraw more assets, with additional assets becoming available from 04:00 UTC on Tuesday. This follows the completion of security checks that were carried out by the exchange.
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The withdrawal restrictions were put in place after a security vulnerability was discovered on the Binance platform, prompting the exchange to freeze withdrawals. The exchange says it has completed the necessary security checks and is now allowing users to withdraw their assets. The move is expected to provide some relief to users who were affected by the initial withdrawal freeze.
