The largest recovery in cryptocurrency history happened in less than 72 hours. Binance confirmed the replenishment of 90% of the assets stolen in the US$ 6,3 billion attack.
This achievement was no stroke of luck. The exchange mobilized US$ 6,34 billion from its own coffers, bringing together its Corporate Treasury, the SAFU fund, and the Futures Insurance Fund.
The proof of strength is in the list of fully backed assets: $BTC, $ETH, $USDT, $BNB, $SOL, $USDC, $XRP, $USD1, $RLUSD, and $ZEC. The remaining 10% consists of less liquid tokens, which require more time in the market.
Withdrawals are expected to resume on November 1.
My view is straightforward: no other exchange in the world would have the cash to cover a shortfall of this size in two days. SAFU proved its worth.
But the final question is for you. Was Binance's response enough to restore your confidence, or does fear still speak louder?
#SAFU #BTC
#binancesafufundtransfercompleted7499btc
This achievement was no stroke of luck. The exchange mobilized US$ 6,34 billion from its own coffers, bringing together its Corporate Treasury, the SAFU fund, and the Futures Insurance Fund.
The proof of strength is in the list of fully backed assets: $BTC, $ETH, $USDT, $BNB, $SOL, $USDC, $XRP, $USD1, $RLUSD, and $ZEC. The remaining 10% consists of less liquid tokens, which require more time in the market.
Withdrawals are expected to resume on November 1.
My view is straightforward: no other exchange in the world would have the cash to cover a shortfall of this size in two days. SAFU proved its worth.
But the final question is for you. Was Binance's response enough to restore your confidence, or does fear still speak louder?
#SAFU #BTC
#binancesafufundtransfercompleted7499btc