đ¨ Binance Security Update
Binance has confirmed that it will cover all losses directly associated with the recent security incident.
Key points:
⢠$6.34B reserved to cover the impact.
⢠No evidence of private key leaks so far.
⢠Around $3B frozen on-chain.
⢠Withdrawals temporarily suspended for security improvements.
⢠Full incident report and updated Proof of Reserves expected.
Security, transparency, and trust matter more than anything in crypto.
Waiting for Binance's full technical report.
#Binance #Crypto #BTC #blockchain
Binance has confirmed that it will cover all losses directly associated with the recent security incident.
Key points:
⢠$6.34B reserved to cover the impact.
⢠No evidence of private key leaks so far.
⢠Around $3B frozen on-chain.
⢠Withdrawals temporarily suspended for security improvements.
⢠Full incident report and updated Proof of Reserves expected.
Security, transparency, and trust matter more than anything in crypto.
Waiting for Binance's full technical report.
#Binance #Crypto #BTC #blockchain
