The Binance cryptocurrency exchange has confirmed that it has completed a major system upgrade and will resume its trading platform at 13: 00 UTC on 15 in May.
Binance, which lost more than 7000 BTC (at that time 41 million dollars) as a result of hacking earlier this month, completely froze deposits and withdrawals until a limited return to operations this week.
A subsequent notification indicated that developers would completely disable functionality for up to eight hours on Wednesday, starting with 03: 00 UTC.
Small details were available about the work, which was completed on schedule. Binance is now preparing to open all its previous trading functions, including deposits and withdrawals, to all users.
“Binance has completed its system upgrade and we will resume all trading activity at 13:00 (UTC),” the new statement reads.
[ads_color_box color_background=”#eee” color_text=”#444″]“From now until trading begins, users will be able to cancel open orders, process deposits, and use other account-related features. Please note that the withdrawal feature will be available shortly after trading resumes.”[/ads_color_box]
Hacking Binance took the cryptocurrency community by surprise when it turned out that some accounts lost $ 41 million worth of funds.
On Tuesday, Binance acknowledged responsibility for the attack, urging users to read and comply with the list of 14 security measures to protect funds on the exchange.
As a form of compensation for users who cannot use their accounts normally, Binance also announced a free giveaway using its own token, the Binance coin (BNB).
During the advertising period, which runs until 18 in May, users trading funds greater than 1 BTC will participate in a prize pool of 50 000 BNB ($ 1,26 million), which will be credited in two weeks.
As reported by Cointelegraph, a Cryptopia exchange colleague who lost about 17 million dollars in January, stopped trading this week as executives called in liquidators.