🚨 Binance Recovery Update: $6.3B Security Incident
Binance has made massive progress following the recent security breach, securing backing for 95% of the affected $6.3 billion assets!
Coverage Breakdown: Losses are being absorbed through the corporate treasury, Futures Insurance Fund, and SAFU reserves.
On-Chain Action: Roughly $3 billion in stolen assets has been successfully frozen.
Withdrawals: Phased restoration of user withdrawals is actively rolling out.
Full user reimbursement guaranteed—proving massive platform resilience during a historic test. 📈🛡️ #Binance #CryptoUpdate
Binance has made massive progress following the recent security breach, securing backing for 95% of the affected $6.3 billion assets!
Coverage Breakdown: Losses are being absorbed through the corporate treasury, Futures Insurance Fund, and SAFU reserves.
On-Chain Action: Roughly $3 billion in stolen assets has been successfully frozen.
Withdrawals: Phased restoration of user withdrawals is actively rolling out.
Full user reimbursement guaranteed—proving massive platform resilience during a historic test. 📈🛡️ #Binance #CryptoUpdate