Binance Coin has recovered strong following the hack last week, in which attackers were able to steal over 7000 BTC from the Binance exchange. Thanks to a 7% pump today, BNB is already trading higher than at the time of the hack.
The reason for the surge of BNB is the latest security update from CEO Changpeng Zhao. In the update, CZ revealed that on Tuesday May 14, the exchange will reopen deposits and withdrawals again. Since the hack, deposits and withdrawals were closed because of a security check. Trading resumed in the meantime.
The exact time Binance will fully open again is not yet announced, but CZ stated that the upgrade will require a trading halt and that more information will be given on Tuesday.
Aiming for Tuesday, not sure if it is Asian or pacific time yet. Working on it. https://t.co/WcF49euwdw
— CZ Binance 🔶🔶🔶 (@cz_binance) May 12, 2019