🌍 BINANCE
Binance starts buying back stolen altcoins after $6.3B hack, using reserves and OTC desks
💡 Why it matters: Buying the tokens directly through OTC desks could ease selling pressure on the open market and limit altcoin drops. Still, the plan relies on company reserves, and investigators link the funds to North Korea.
📊 Impact: $BTC ▲ · $ETH ▲
✅ Winners: Stolen altcoins, market stability, trust in Binance
⚠️ Losers: Binance reserves, OTC desks, hackers looking to sell fast
#Crypto #Security
Binance starts buying back stolen altcoins after $6.3B hack, using reserves and OTC desks
💡 Why it matters: Buying the tokens directly through OTC desks could ease selling pressure on the open market and limit altcoin drops. Still, the plan relies on company reserves, and investigators link the funds to North Korea.
📊 Impact: $BTC ▲ · $ETH ▲
✅ Winners: Stolen altcoins, market stability, trust in Binance
⚠️ Losers: Binance reserves, OTC desks, hackers looking to sell fast
#Crypto #Security
