Binance says 90 percent of the stolen crypto is back. Withdrawals restart today.
This is the trust test of the week. Binance says it set aside more than 6.34 billion dollars of company funds to cover the hack, and that Bitcoin, Ethereum, USDT, BNB, Solana, USDC, XRP, USD1, RLUSD and Zcash are now fully backed. The remaining 10 percent is less liquid tokens that take longer to buy back, and the full proof of reserves check is due by 3 November. Source: BusinessToday, 31 October, and FBI attribution reported by Economic Times. My reading is simple. A fast restart helps sentiment, but trust returns in steps, not in one headline. I am watching withdrawals go through smoothly today before I call this resolved.
Will you withdraw, hold, or keep trading on Binance today, and why?
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
This is the trust test of the week. Binance says it set aside more than 6.34 billion dollars of company funds to cover the hack, and that Bitcoin, Ethereum, USDT, BNB, Solana, USDC, XRP, USD1, RLUSD and Zcash are now fully backed. The remaining 10 percent is less liquid tokens that take longer to buy back, and the full proof of reserves check is due by 3 November. Source: BusinessToday, 31 October, and FBI attribution reported by Economic Times. My reading is simple. A fast restart helps sentiment, but trust returns in steps, not in one headline. I am watching withdrawals go through smoothly today before I call this resolved.
Will you withdraw, hold, or keep trading on Binance today, and why?
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
