Richard Teng: Withdrawals are expected to resume within 40 hours; full reserve verification will be released on Monday.

Binance co-CEO Richard Teng stated that Binance is rebuilding its withdrawal service and expects it to be restored within 40 hours. Binance will release a full Proof of Reserves report on Monday. The investigation revealed that the attack involved a compromised laptop and other entry points. The attackers used a self-destruct mechanism to destroy traces and exploited EIP-7702 to gain on-chain execution authorization for a hot wallet.