Crypto Heist: Binance covers 95% tokens, resumes withdrawals - The Economic Times

Binance has resumed withdrawals after a security breach and says it has covered roughly 95% of the affected tokens, according to The Economic Times. The exchange had paused deposits and withdrawals following the incident; restoring services marks a return toward normal operations for one of the largest crypto trading venues.

The disclosure matters beyond a single platform. Exchange outages can ripple through crypto markets by disrupting liquidity and unsettling user confidence, so a swift resumption and a stated coverage ratio are read as signals of operational resilience. The remaining gap in covered tokens is the detail to watch: how it is closed, and on what timeline, will shape perceptions of how the exchange handles losses.

For market participants, the episode reinforces two durable lessons: custodial risk is real even at major venues, and transparency about remediation matters as much as the recovery itself. Attention now turns to post-incident reviews and any changes to security and withdrawal policies.