covered

8 views
2 Discussing
A_K Crypto
·
--
See translation
#BinanceHadAlreadyCovered$6BofHackLoss Binance has confirmed it has already covered $6 billion of the approximately $6.3 billion impacted by the recent security incident. The exchange is using its corporate treasury, a partial deployment of the Secure Asset Fund for Users (SAFU), and a portion of its Futures insurance fund to replenish the assets. Major tokens including $BTC , $ETH , $USDT , BNB, SOL, USDC, XRP and others are now fully backed 100%. Binance has clearly stated that users will not bear any of the financial impact. This decisive action demonstrates strong financial strength and a genuine commitment to user protection. Absorbing a multi-billion-dollar loss entirely with company resources sets a high standard for responsibility in the industry. It reinforces confidence that Binance prioritizes its community’s security and long-term trust above short-term costs. A solid step toward full recovery. Stay tuned to official channels for further updates. #Binance #covered #Crypto #loss {spot}(BTCUSDT) {spot}(ETHUSDT) {spot}(BNBUSDT)
#BinanceHadAlreadyCovered$6BofHackLoss
Binance has confirmed it has already covered $6 billion of the approximately $6.3 billion impacted by the recent security incident.
The exchange is using its corporate treasury, a partial deployment of the Secure Asset Fund for Users (SAFU), and a portion of its Futures insurance fund to replenish the assets. Major tokens including $BTC , $ETH , $USDT , BNB, SOL, USDC, XRP and others are now fully backed 100%. Binance has clearly stated that users will not bear any of the financial impact.
This decisive action demonstrates strong financial strength and a genuine commitment to user protection. Absorbing a multi-billion-dollar loss entirely with company resources sets a high standard for responsibility in the industry. It reinforces confidence that Binance prioritizes its community’s security and long-term trust above short-term costs. A solid step toward full recovery.

Stay tuned to official channels for further updates.
#Binance #covered #Crypto #loss
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number