$BTC .Our last update explained that Binance had set aside more than $6.34B in company funds to cover hacked losses, and we had already covered approximately 80% of the impacted amount of the hacked loss at that time.
That covered amount is now up to 90%.
All $BTC #ETH USDT, BNB, SOL, USDC, $XRP USD1, RLUSD, and ZEC are fully backed 100%. We will continue to buy the remaining relevant token assets through market and OTC channels until the covered amount reaches 100% for all tokens. Binance will absorb the financial impact of these stolen funds, not our users.
The replenishment employed:
A partial deployment of the Secure Asset Fund for Users (SAFU). This is expected to happen over the next 24 hours; users can view the updated balance here.
A portion of our Futures insurance fund. The remaining balance of the Futures insurance fund is a regulatory requirement. Users can check the updated balance of the fund here.
Binance's own corporate treasury.
#Write2Earn #BinanceSquareFamily #like_comment_follow #BinanceSuqare
That covered amount is now up to 90%.
All $BTC #ETH USDT, BNB, SOL, USDC, $XRP USD1, RLUSD, and ZEC are fully backed 100%. We will continue to buy the remaining relevant token assets through market and OTC channels until the covered amount reaches 100% for all tokens. Binance will absorb the financial impact of these stolen funds, not our users.
The replenishment employed:
A partial deployment of the Secure Asset Fund for Users (SAFU). This is expected to happen over the next 24 hours; users can view the updated balance here.
A portion of our Futures insurance fund. The remaining balance of the Futures insurance fund is a regulatory requirement. Users can check the updated balance of the fund here.
Binance's own corporate treasury.
#Write2Earn #BinanceSquareFamily #like_comment_follow #BinanceSuqare
