Update: Binance Co-CEO Richard Tang says only the exchange's own hot wallet was affected, not customer funds, with the vast majority of user assets held in cold wallets unaffected by the incident. He adds that withdrawals are on track to resume within 40 hours, with a full proof-of-reserves report by Monday.

Update: Binance Co-CEO Richard Tang says only the exchange's own hot wallet was affected, not customer funds, with the vast majority of user assets held in cold wallets unaffected by the incident. He adds that withdrawals are on track to resume within 40 hours, with a full proof-of-reserves report by Monday.