Binance has a date circled: phased withdrawals targeted for about 05:30 UTC Sunday, with proof-of-reserves results by Monday.
Per CoinDesk and TokenPost, Binance says it set aside more than $6.34B against an estimated $6.3B hack, holds roughly $5B of the affected assets, and about $3B is frozen on-chain. Both dates are targets, not promises.
My take: the numbers matter less than whether the restart is smooth. Clear updates rebuild trust faster than big reserve figures. $BNB is near $702 and $BTC near $77K.
What would convince you to move funds back: the proof-of-reserves report, a smooth restart, or just more time?
#Binance #ProofOfReserves #Crypto
Per CoinDesk and TokenPost, Binance says it set aside more than $6.34B against an estimated $6.3B hack, holds roughly $5B of the affected assets, and about $3B is frozen on-chain. Both dates are targets, not promises.
My take: the numbers matter less than whether the restart is smooth. Clear updates rebuild trust faster than big reserve figures. $BNB is near $702 and $BTC near $77K.
What would convince you to move funds back: the proof-of-reserves report, a smooth restart, or just more time?
#Binance #ProofOfReserves #Crypto