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Binance Resumes Trading Operations After Hack

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Binance has relaunched its trading platform as it has finished a major system update which took place at 13:00 UTC today.

After losing 7,000 BTC (at the time $41 million) in a hack early May, Binance halted all its deposits and withdrawals to implement a security update before resuming trading operations.

The CEO notified users that developers would cease all trading operations for eight hours on Wednesday to complete the update. The update started at 03:00 UTC on Wednesday. A two-hour extension was announced as there were some issues that took longer than anticipated.

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