🚨 BINANCE SECURITY INCIDENT: CUSTOMER FUNDS SAFE? 🔐
Binance CEO Richard Teng has shared a major update following the recent security incident.
💰 Binance says it will cover all affected losses using company funds.
Here are the key updates:
🔹 Binance has reserved over $6.34B
🔹 Around $5B is already held in the affected tokens, including BTC, ETH, BNB, USDT and USDC
🔹 Customer funds were not affected, according to Teng
🔹 The incident involved Binance’s own hot wallet
🔹 Around $3B in stolen assets has reportedly been frozen with the help of partners
🔹 Binance is working to recover the remaining assets
🔹 Withdrawals are expected to resume after extensive security testing
🔹 A new Proof of Reserves report is expected by Monday
🔐 Binance says user assets remain safe and that a full security review is now underway.
💬 After this incident, do you still trust Binance?
#Binance #Crypto #Bitcoin #BNB #Ethereum
