TREE NEWS update: Binance executive Teng set a Monday deadline for the exchange’s reserve report while withdrawals remain paused, saying the Sunday restart target is still on track within 40 hours but that reopening depends on the rebuilt service passing testing. The reserve report deadline and withdrawal restart both hinge on the platform’s systems clearing checks.
Binance’s Teng Sets Monday Deadline for Reserve Report as Withdrawals Stay Paused
The pairing of a reserve report deadline with a still-paused withdrawal function puts the focus squarely on verifiable proof rather than stated timelines. Teng's 40-hour framing keeps the restart target alive, but tying reopening to testing outcomes acknowledges that the schedule is conditional, not committed. For users and counterparties, the reserve report is the more durable signal: a restart alone restores access, while disclosure addresses whether the balances behind that access are substantiated. Whether the Monday deadline holds and whether the report's contents are independently checkable are the open questions.
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