🚨 BINANCE HACK UPDATE: 90% OF STOLEN FUNDS NOW COVERED!
Binance has announced major progress in recovering the financial impact of its recent hacking incident.
Here are the key updates:
✅ 90% Covered: Binance has increased its coverage from 80% to 90%.
✅ 10 Major Tokens 100% Backed: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.
✅ Users Protected: Binance says it will absorb the financial losses, NOT its users.
✅ 3 Funding Sources:
- SAFU Emergency Fund
- Futures Insurance Fund
- Binance Corporate Treasury
✅ Remaining 10%: Binance is still buying the remaining affected tokens through market and OTC channels.
📢 Withdrawal Update:
Binance remains on track to reopen withdrawals on Sunday, November 1, 2026, subject to further confirmation.
🔍 Proof of Reserves:
A new snapshot has been taken, and the full verification proof is expected by November 3, 2026.
💡 My Take:
This is an important update for Binance users and the crypto industry. Protecting user funds and maintaining transparency are essential for building trust.
But remember: No crypto exchange is completely risk-free. Always manage your risks and never invest more than you can afford to lose.
👇 What do you think? Has Binance handled this situation well?
#Binance #ProofOfReserves #BinanceNews
#AbrarCrypto125
$LITEB
$AMDB
Binance has announced major progress in recovering the financial impact of its recent hacking incident.
Here are the key updates:
✅ 90% Covered: Binance has increased its coverage from 80% to 90%.
✅ 10 Major Tokens 100% Backed: BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC.
✅ Users Protected: Binance says it will absorb the financial losses, NOT its users.
✅ 3 Funding Sources:
- SAFU Emergency Fund
- Futures Insurance Fund
- Binance Corporate Treasury
✅ Remaining 10%: Binance is still buying the remaining affected tokens through market and OTC channels.
📢 Withdrawal Update:
Binance remains on track to reopen withdrawals on Sunday, November 1, 2026, subject to further confirmation.
🔍 Proof of Reserves:
A new snapshot has been taken, and the full verification proof is expected by November 3, 2026.
💡 My Take:
This is an important update for Binance users and the crypto industry. Protecting user funds and maintaining transparency are essential for building trust.
But remember: No crypto exchange is completely risk-free. Always manage your risks and never invest more than you can afford to lose.
👇 What do you think? Has Binance handled this situation well?
#Binance #ProofOfReserves #BinanceNews
#AbrarCrypto125
$LITEB
$AMDB