🚨 BINANCE HAS COVERED 80% OF ITS $6.3 BILLION HACK LOSSES
Binance is moving fast to protect users after a massive security incident shook the crypto market.
The exchange has allocated more than $6.34 billion in company funds to cover the estimated $6.3 billion loss.
🔥 Key Recovery Updates
• Around $5 billion is already held in the exact affected crypto assets
• Approximately $3 billion in stolen funds has been frozen on-chain
• Binance says users will not bear the financial losses
• The remaining affected tokens are being acquired through market and OTC channels
The recovery effort is underway, but the security investigation is still ongoing.
The big question is whether Binance can restore full confidence in exchange security.
Do you think Binance can recover stronger from this incident?
Source: Binance Official Security Update
#BinanceReports80%Recoveryof$6.3BillioninLossesfromHackIncident $BNB
Binance is moving fast to protect users after a massive security incident shook the crypto market.
The exchange has allocated more than $6.34 billion in company funds to cover the estimated $6.3 billion loss.
🔥 Key Recovery Updates
• Around $5 billion is already held in the exact affected crypto assets
• Approximately $3 billion in stolen funds has been frozen on-chain
• Binance says users will not bear the financial losses
• The remaining affected tokens are being acquired through market and OTC channels
The recovery effort is underway, but the security investigation is still ongoing.
The big question is whether Binance can restore full confidence in exchange security.
Do you think Binance can recover stronger from this incident?
Source: Binance Official Security Update
#BinanceReports80%Recoveryof$6.3BillioninLossesfromHackIncident $BNB
