1 min read
Add as a preferred source on Google

Privacy Cash Restores Deposits After Binance Hack-Linked Pause

The protocol said its team worked with CipherOwl to strengthen protections against risks tied to attackers associated with the Binance hack.

Mentioned assets
A metal valve releases a narrow stream into a dark reflecting pool / TokenPost.ai
A metal valve releases a narrow stream into a dark reflecting pool / TokenPost.ai

Privacy Cash has restored deposits after pausing them when about $1.2 million in Ether (ETH) and Solana (SOL) linked to the Binance hack entered its pools.

Privacy Cash restored deposits and said its team worked with CipherOwl to strengthen safeguards against risks tied to attackers associated with the Binance hack.

Withdrawals remained available during the pause, while new deposits were halted. The reopening lifts that restriction on incoming funds. The earlier deposit halt and pool inflows were followed by the protocol’s restoration of deposits.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…