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

Binance has resumed withdrawals after a security breach and says it will cover roughly 95% of the affected tokens, according to The Economic Times. The exchange's decision to absorb the loss at its own expense rather than pass it to users is the central detail: it signals that the platform is treating the incident as an operational cost, not a customer liability.

For markets, the immediate question is confidence. Exchange failures have historically prompted users to test withdrawal systems and reassess how much they leave on centralized platforms. A swift resumption, backed by a commitment to make users whole, can limit that erosion — but only if withdrawals process smoothly and the remaining affected holdings are addressed with similar clarity.

What to watch: whether the exchange publishes a full post-mortem on how the breach occurred, how it handles the small share of tokens not covered, and whether regulators or auditors respond. Those follow-throughs will matter more to market sentiment than the initial announcement.