Binance CEO Richard Teng just went on Fox Business and dropped the most important statement since the $6B hack:
"We bear FULL responsibility. Users are NOT compromised."
Here's what actually matters:
• Binance set aside MORE than 100% of the stolen amount
• 98% of impacted assets already replenished
• Remaining 2% are illiquid tokens being procured carefully to avoid market disruption
• Users can verify balances via Proof of Reserve RIGHT NOW
This is how you handle a crisis in crypto. No deflection. No blaming third parties. Just accountability and execution.
While other exchanges have collapsed over far less, Binance is proving why they're still the liquidity king. $6B absorbed without breaking a sweat.
If you're still holding assets on exchanges without PoR, this should be your wake-up call.
"We bear FULL responsibility. Users are NOT compromised."
Here's what actually matters:
• Binance set aside MORE than 100% of the stolen amount
• 98% of impacted assets already replenished
• Remaining 2% are illiquid tokens being procured carefully to avoid market disruption
• Users can verify balances via Proof of Reserve RIGHT NOW
This is how you handle a crisis in crypto. No deflection. No blaming third parties. Just accountability and execution.
While other exchanges have collapsed over far less, Binance is proving why they're still the liquidity king. $6B absorbed without breaking a sweat.
If you're still holding assets on exchanges without PoR, this should be your wake-up call.