Poloniex Crypto Exchange Reinstates Withdrawals Following $100M Hack
Poloniex announces substantial progress in its restoration endeavours after falling victim to a significant security breach on 10 November.
CatherinePoloniex announces substantial progress in its restoration endeavours after falling victim to a significant security breach on 10 November.
CatherineThe Japanese branch of the failed crypto exchange will start processing withdrawals as of February 21.
cryptopotatoThe company will pay employees and vendors, but not former CEO Sam Bankman-Fried or Caroline Ellison.
Bankrupt Crypto Lender Voyager also acknowledged Friday that it has a $3 million balance currently locked up on FTX.
CoindeskCrypto exchange FTX has begun processing withdrawals, according to reports from users and the crypto community.
BitcoinistCustomer withdrawals that were previously processing but backlogged have been halted altogether, according to an announcement in the FTX Support Telegram group.
CoindeskThe crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.
CointelegraphSince halting user withdrawals three weeks ago, CoinFLEX has announced plans to reclaim up to $84 million in owed funds.
Cointelegraph