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binancesafu
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#binancesafufundtransfercompleted7499btc
🚨 THE SECURITY EQUATION: 7,499 BTC Moves into Action 🚨
The platform’s ultimate defense mechanism is proving its strength in the wake of the recent exploit. Let’s break down this massive transfer using pure math 🧮👇
(7,499 BTC from SAFU) + (Corporate & Insurance Assets) = 90% of Breached Funds Replaced 🛡️
The Asset Input:
(The Catalyst) = Following the recent $6.3 billion security incident, Binance completed a major transfer of 7,499 BTC (worth ~$581 million) from its Secure Asset Fund for Users (SAFU) on Oct 31 to help bridge the gap and restore trust.
The Key Deliverable:
(The Backing) ➔ Backed by this transacted liquidity, the exchange has successfully replenished 90% of the lost amount. While SAFU handles bulk BTC demands, Binance is tapping market and OTC routes to source the remaining 10% in less-liquid tokens, with plans to quickly restore the emergency fund back to its $1 billion target.
The Breakdown:
Moving over half a billion dollars quickly and securely is no small feat. Using SAFU as intended highlights the massive importance of having dedicated emergency reserves, allowing the exchange to cover most user losses while preparing to resume withdrawals on Nov 1.
Does the recovery show that crypto insurance works when it matters? 👇💬
$BTC $AIN $LIT
{future}(LITUSDT)
{future}(BTCUSDT)
{future}(AINUSDT)
#BTC #BinanceSAFU #CryptoSecurity
#binancesafufundtransfercompleted7499btc
🚨 THE SECURITY EQUATION: 7,499 BTC Moves into Action 🚨
The platform’s ultimate defense mechanism is proving its strength in the wake of the recent exploit. Let’s break down this massive transfer using pure math 🧮👇
(7,499 BTC from SAFU) + (Corporate & Insurance Assets) = 90% of Breached Funds Replaced 🛡️
The Asset Input:
(The Catalyst) = Following the recent $6.3 billion security incident, Binance completed a major transfer of 7,499 BTC (worth ~$581 million) from its Secure Asset Fund for Users (SAFU) on Oct 31 to help bridge the gap and restore trust.
The Key Deliverable:
(The Backing) ➔ Backed by this transacted liquidity, the exchange has successfully replenished 90% of the lost amount. While SAFU handles bulk BTC demands, Binance is tapping market and OTC routes to source the remaining 10% in less-liquid tokens, with plans to quickly restore the emergency fund back to its $1 billion target.
The Breakdown:
Moving over half a billion dollars quickly and securely is no small feat. Using SAFU as intended highlights the massive importance of having dedicated emergency reserves, allowing the exchange to cover most user losses while preparing to resume withdrawals on Nov 1.
Does the recovery show that crypto insurance works when it matters? 👇💬
$BTC $AIN $LIT
#BTC #BinanceSAFU #CryptoSecurity
🚨 THE SECURITY EQUATION: 7,499 BTC Moves into Action 🚨
The platform’s ultimate defense mechanism is proving its strength in the wake of the recent exploit. Let’s break down this massive transfer using pure math 🧮👇
(7,499 BTC from SAFU) + (Corporate & Insurance Assets) = 90% of Breached Funds Replaced 🛡️
The Asset Input:
(The Catalyst) = Following the recent $6.3 billion security incident, Binance completed a major transfer of 7,499 BTC (worth ~$581 million) from its Secure Asset Fund for Users (SAFU) on Oct 31 to help bridge the gap and restore trust.
The Key Deliverable:
(The Backing) ➔ Backed by this transacted liquidity, the exchange has successfully replenished 90% of the lost amount. While SAFU handles bulk BTC demands, Binance is tapping market and OTC routes to source the remaining 10% in less-liquid tokens, with plans to quickly restore the emergency fund back to its $1 billion target.
The Breakdown:
Moving over half a billion dollars quickly and securely is no small feat. Using SAFU as intended highlights the massive importance of having dedicated emergency reserves, allowing the exchange to cover most user losses while preparing to resume withdrawals on Nov 1.
Does the recovery show that crypto insurance works when it matters? 👇💬
$BTC $AIN $LIT
#BTC #BinanceSAFU #CryptoSecurity
2
1.2k
BINANCE COVERS $6 BILLION OF HACK LOSSES! SAFU STEPS UP AS WITHDRAWALS RETURN!🔥 A $6.3 BILLION security crisis — and Binance is moving aggressively to protect its users!
Following the October 29 cyberattack linked by the FBI to North Korea's TraderTraitor group, Binance has made a major recovery announcement.
The exchange says it has already covered approximately 95% of the stolen assets, demonstrating how its emergency reserves and corporate resources are being used during a major security crisis.
💰 The $6 BILLION Recovery Breakdown
Here are the latest important figures:
Estimated hack impact: Approximately $6.3 billion.Funds initially set aside: More than $6.34 billion.Latest recovery progress: Approximately 95% covered.Assets frozen on-chain: Around $3 billion, according to Binance's earlier update.Funding sources: SAFU, Futures insurance reserves and Binance's corporate treasury.
Binance CEO Richard Teng has publicly stated that the exchange will absorb the financial impact rather than pass the losses to users.
Important: This is a company-backed recovery effort, not a verified personal $6 billion payment by the CEO.
🛡️ SAFU: The Emergency Safety Net
Binance's Secure Asset Fund for Users (SAFU) was established to help protect users during extreme situations.
This incident demonstrates why emergency reserves matter.
Binance has also confirmed that BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed at 100%, according to its recovery update.
The complete zero-knowledge Proof of Reserves verification is expected by November 3, allowing eligible users to independently check reserve backing.
🚀 Withdrawals: A Major Recovery Milestone
Binance announced that phase one of withdrawals is scheduled to resume on November 1 between 06:00 and 09:00 UTC.
The first phase includes major assets such as:
BTCETHBNBUSDT and USDCSOLXRPDOGEZEC
The rollout is progressive, so availability may vary by asset and network. Users should check the official withdrawal page before initiating a transaction.
🔐 What Should Traders Do Now?
Don't confuse a recovery announcement with zero risk. Smart security habits still matter.
Enable an authenticator-based 2FA method or passkeys.Never share passwords, verification codes or API keys.Check withdrawal addresses and network details carefully.Verify official Binance announcements before acting on rumours.Avoid emotional trading decisions during periods of market volatility.
📊 Coins to Watch
$BTC — Bitcoin remains a key market benchmark during the recovery period.$BNB — Binance's ecosystem token is naturally in focus as exchange operations normalize.$ETH — Ethereum is relevant to the wider security story and the reported movement of stolen assets.
🎯 The Bigger Picture
This incident is a major test of exchange security, financial reserves and user confidence.
Binance's progress is significant, but the remaining asset replenishment, phased withdrawal restoration and independent reserve verification still deserve attention.
👇 What do you think?
Has Binance demonstrated the strength of SAFU and corporate reserves, or will this incident permanently change how traders view centralized exchanges?
⚠️ Not financial advice. Always manage your own risk.
#BinanceHadAlreadyCovered$6BofHackLoss #BinanceSAFU #CryptoSecurity #CryptoFunds #SecureTrading
{spot}(BNBUSDT)
{spot}(ETHUSDT)
{spot}(BTCUSDT)
BINANCE COVERS $6 BILLION OF HACK LOSSES! SAFU STEPS UP AS WITHDRAWALS RETURN!
🔥 A $6.3 BILLION security crisis — and Binance is moving aggressively to protect its users!
Following the October 29 cyberattack linked by the FBI to North Korea's TraderTraitor group, Binance has made a major recovery announcement.
The exchange says it has already covered approximately 95% of the stolen assets, demonstrating how its emergency reserves and corporate resources are being used during a major security crisis.
💰 The $6 BILLION Recovery Breakdown
Here are the latest important figures:
Estimated hack impact: Approximately $6.3 billion.Funds initially set aside: More than $6.34 billion.Latest recovery progress: Approximately 95% covered.Assets frozen on-chain: Around $3 billion, according to Binance's earlier update.Funding sources: SAFU, Futures insurance reserves and Binance's corporate treasury.
Binance CEO Richard Teng has publicly stated that the exchange will absorb the financial impact rather than pass the losses to users.
Important: This is a company-backed recovery effort, not a verified personal $6 billion payment by the CEO.
🛡️ SAFU: The Emergency Safety Net
Binance's Secure Asset Fund for Users (SAFU) was established to help protect users during extreme situations.
This incident demonstrates why emergency reserves matter.
Binance has also confirmed that BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed at 100%, according to its recovery update.
The complete zero-knowledge Proof of Reserves verification is expected by November 3, allowing eligible users to independently check reserve backing.
🚀 Withdrawals: A Major Recovery Milestone
Binance announced that phase one of withdrawals is scheduled to resume on November 1 between 06:00 and 09:00 UTC.
The first phase includes major assets such as:
BTCETHBNBUSDT and USDCSOLXRPDOGEZEC
The rollout is progressive, so availability may vary by asset and network. Users should check the official withdrawal page before initiating a transaction.
🔐 What Should Traders Do Now?
Don't confuse a recovery announcement with zero risk. Smart security habits still matter.
Enable an authenticator-based 2FA method or passkeys.Never share passwords, verification codes or API keys.Check withdrawal addresses and network details carefully.Verify official Binance announcements before acting on rumours.Avoid emotional trading decisions during periods of market volatility.
📊 Coins to Watch
$BTC — Bitcoin remains a key market benchmark during the recovery period.$BNB — Binance's ecosystem token is naturally in focus as exchange operations normalize.$ETH — Ethereum is relevant to the wider security story and the reported movement of stolen assets.
🎯 The Bigger Picture
This incident is a major test of exchange security, financial reserves and user confidence.
Binance's progress is significant, but the remaining asset replenishment, phased withdrawal restoration and independent reserve verification still deserve attention.
👇 What do you think?
Has Binance demonstrated the strength of SAFU and corporate reserves, or will this incident permanently change how traders view centralized exchanges?
⚠️ Not financial advice. Always manage your own risk.
#BinanceHadAlreadyCovered$6BofHackLoss #BinanceSAFU #CryptoSecurity #CryptoFunds #SecureTrading
Following the October 29 cyberattack linked by the FBI to North Korea's TraderTraitor group, Binance has made a major recovery announcement.
The exchange says it has already covered approximately 95% of the stolen assets, demonstrating how its emergency reserves and corporate resources are being used during a major security crisis.
💰 The $6 BILLION Recovery Breakdown
Here are the latest important figures:
Estimated hack impact: Approximately $6.3 billion.Funds initially set aside: More than $6.34 billion.Latest recovery progress: Approximately 95% covered.Assets frozen on-chain: Around $3 billion, according to Binance's earlier update.Funding sources: SAFU, Futures insurance reserves and Binance's corporate treasury.
Binance CEO Richard Teng has publicly stated that the exchange will absorb the financial impact rather than pass the losses to users.
Important: This is a company-backed recovery effort, not a verified personal $6 billion payment by the CEO.
🛡️ SAFU: The Emergency Safety Net
Binance's Secure Asset Fund for Users (SAFU) was established to help protect users during extreme situations.
This incident demonstrates why emergency reserves matter.
Binance has also confirmed that BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed at 100%, according to its recovery update.
The complete zero-knowledge Proof of Reserves verification is expected by November 3, allowing eligible users to independently check reserve backing.
🚀 Withdrawals: A Major Recovery Milestone
Binance announced that phase one of withdrawals is scheduled to resume on November 1 between 06:00 and 09:00 UTC.
The first phase includes major assets such as:
BTCETHBNBUSDT and USDCSOLXRPDOGEZEC
The rollout is progressive, so availability may vary by asset and network. Users should check the official withdrawal page before initiating a transaction.
🔐 What Should Traders Do Now?
Don't confuse a recovery announcement with zero risk. Smart security habits still matter.
Enable an authenticator-based 2FA method or passkeys.Never share passwords, verification codes or API keys.Check withdrawal addresses and network details carefully.Verify official Binance announcements before acting on rumours.Avoid emotional trading decisions during periods of market volatility.
📊 Coins to Watch
$BTC — Bitcoin remains a key market benchmark during the recovery period.$BNB — Binance's ecosystem token is naturally in focus as exchange operations normalize.$ETH — Ethereum is relevant to the wider security story and the reported movement of stolen assets.
🎯 The Bigger Picture
This incident is a major test of exchange security, financial reserves and user confidence.
Binance's progress is significant, but the remaining asset replenishment, phased withdrawal restoration and independent reserve verification still deserve attention.
👇 What do you think?
Has Binance demonstrated the strength of SAFU and corporate reserves, or will this incident permanently change how traders view centralized exchanges?
⚠️ Not financial advice. Always manage your own risk.
#BinanceHadAlreadyCovered$6BofHackLoss #BinanceSAFU #CryptoSecurity #CryptoFunds #SecureTrading
77
#BinanceSAFUFundTransferCompleted7499BTC
Binance didn't just make a promise; it proved it. SAFU was activated, and 7,499 BTC, worth around 581 million dollars, was transferred to plug the hole left by the 6.3 billion dollar attack.
The direct result of this move? 90 percent of the losses have already been reimbursed. The exchange used the emergency fund's liquidity, along with corporate assets, to ensure the coverage.
The goal now is to cover the remaining 10 percent, which is in less liquid tokens. Binance is buying on the traditional market and over the counter to balance the books and bring SAFU back to its target of 1 billion dollars.
Withdrawals will resume on November 1.
Moving half a billion in BTC in the middle of a crisis shows that having a real emergency reserve makes all the difference.
Did crypto insurance work, or do you still have doubts?
$BTC
$AIN
$LIT
#BTC #BinanceSAFU #CryptoSecurity
{spot}(BTCUSDT)
{future}(AINUSDT)
{future}(LITUSDT)
#BinanceSAFUFundTransferCompleted7499BTC
Binance didn't just make a promise; it proved it. SAFU was activated, and 7,499 BTC, worth around 581 million dollars, was transferred to plug the hole left by the 6.3 billion dollar attack.
The direct result of this move? 90 percent of the losses have already been reimbursed. The exchange used the emergency fund's liquidity, along with corporate assets, to ensure the coverage.
The goal now is to cover the remaining 10 percent, which is in less liquid tokens. Binance is buying on the traditional market and over the counter to balance the books and bring SAFU back to its target of 1 billion dollars.
Withdrawals will resume on November 1.
Moving half a billion in BTC in the middle of a crisis shows that having a real emergency reserve makes all the difference.
Did crypto insurance work, or do you still have doubts?
$BTC
$AIN
$LIT
#BTC #BinanceSAFU #CryptoSecurity
Binance didn't just make a promise; it proved it. SAFU was activated, and 7,499 BTC, worth around 581 million dollars, was transferred to plug the hole left by the 6.3 billion dollar attack.
The direct result of this move? 90 percent of the losses have already been reimbursed. The exchange used the emergency fund's liquidity, along with corporate assets, to ensure the coverage.
The goal now is to cover the remaining 10 percent, which is in less liquid tokens. Binance is buying on the traditional market and over the counter to balance the books and bring SAFU back to its target of 1 billion dollars.
Withdrawals will resume on November 1.
Moving half a billion in BTC in the middle of a crisis shows that having a real emergency reserve makes all the difference.
Did crypto insurance work, or do you still have doubts?
$BTC
$AIN
$LIT
#BTC #BinanceSAFU #CryptoSecurity
1
98
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What if Binance gets hacked Where does your money go
Many fear this Binance already has answer SAFU Fund
SAFU means Secure Asset Fund for Users
Binance keeps 1 Billion plus locked separately to cover users if anything goes wrong Since 2018
So your funds have backup protection That is why Binance is number one
Did you know about SAFU before
#BinanceSAFU #CryptoSafety #Binancesecurity #SAFU
What if Binance gets hacked Where does your money go
Many fear this Binance already has answer SAFU Fund
SAFU means Secure Asset Fund for Users
Binance keeps 1 Billion plus locked separately to cover users if anything goes wrong Since 2018
So your funds have backup protection That is why Binance is number one
Did you know about SAFU before
#BinanceSAFU #CryptoSafety #Binancesecurity #SAFU
Many fear this Binance already has answer SAFU Fund
SAFU means Secure Asset Fund for Users
Binance keeps 1 Billion plus locked separately to cover users if anything goes wrong Since 2018
So your funds have backup protection That is why Binance is number one
Did you know about SAFU before
#BinanceSAFU #CryptoSafety #Binancesecurity #SAFU
66
·
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See the difference between an exploit, a hack, and FTX's bankruptcy... Binance stands out with SAFU🛑💥👀👀The FTX case (November 2022): Solvency vs. Cybersecurity
The collapse: Indeed, after the Alameda/FTX financial hole was revealed and bankruptcy was declared on November 11, 2022, Bitcoin's price quickly fell from around $20,500 to as low as $15,500 (a drop of approximately 25% to 30% in a matter of days), marking the absolute bottom of that cycle.
The source of the panic: The FTX collapse wasn't caused by an external hack, but by systemic insolvency, fraud, and structural illiquidity. The market panicked when it was discovered that customers' funds no longer existed.
See the difference between an exploit, a hack, and FTX's bankruptcy... Binance stands out with SAFU🛑💥👀👀
The FTX case (November 2022): Solvency vs. Cybersecurity
The collapse: Indeed, after the Alameda/FTX financial hole was revealed and bankruptcy was declared on November 11, 2022, Bitcoin's price quickly fell from around $20,500 to as low as $15,500 (a drop of approximately 25% to 30% in a matter of days), marking the absolute bottom of that cycle.
The source of the panic: The FTX collapse wasn't caused by an external hack, but by systemic insolvency, fraud, and structural illiquidity. The market panicked when it was discovered that customers' funds no longer existed.
The collapse: Indeed, after the Alameda/FTX financial hole was revealed and bankruptcy was declared on November 11, 2022, Bitcoin's price quickly fell from around $20,500 to as low as $15,500 (a drop of approximately 25% to 30% in a matter of days), marking the absolute bottom of that cycle.
The source of the panic: The FTX collapse wasn't caused by an external hack, but by systemic insolvency, fraud, and structural illiquidity. The market panicked when it was discovered that customers' funds no longer existed.
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It’s vital to always use an exchange that responds with the seriousness it deserves💥👀🛑Naturally, when a platform is hacked, it causes a lot of anxiety and affects the price—especially when it’s an exchange like Binance, with some of the most efficient security protocols in the industry. Add to that the fact that two other events are happening at the same time on other platforms...
The Macroeconomic Front (The Source of Pressure)
The Fed and Interest Rates: The Federal Reserve’s stance of keeping interest rates high in restrictive territory curbs the flow of venture capital into more volatile assets. In an environment where “safe money” earns good returns in fixed income, the opportunity cost of holding crypto assets rises.
It’s vital to always use an exchange that responds with the seriousness it deserves💥👀🛑
Naturally, when a platform is hacked, it causes a lot of anxiety and affects the price—especially when it’s an exchange like Binance, with some of the most efficient security protocols in the industry. Add to that the fact that two other events are happening at the same time on other platforms...
The Macroeconomic Front (The Source of Pressure)
The Fed and Interest Rates: The Federal Reserve’s stance of keeping interest rates high in restrictive territory curbs the flow of venture capital into more volatile assets. In an environment where “safe money” earns good returns in fixed income, the opportunity cost of holding crypto assets rises.
The Macroeconomic Front (The Source of Pressure)
The Fed and Interest Rates: The Federal Reserve’s stance of keeping interest rates high in restrictive territory curbs the flow of venture capital into more volatile assets. In an environment where “safe money” earns good returns in fixed income, the opportunity cost of holding crypto assets rises.
4
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Bearish
The big boss at Binance just posted to confirm that he personally paid out of pocket to cover the entire $6 billion loss from the hack!
So fast, so dangerous—truly a legendary CEO, always ready to “throw money around” and take care of users whenever they run into trouble. No matter how much of a “TraderTraitor” the hacker is, SAFU still stands firm on three legs.
What should traders do now?
Get comfy and sleep soundly—what else, folks! Assets are fully backed, but don’t get complacent and neglect your personal 2FA security. Just take it easy, keep trading, and scoop up all the good stuff at great prices in preparation for the upcoming uptrend!
⚠️ This is not financial advice.
Sign up for a new account to support me: [https://www.binance.com/register?ref=VINHTOCDO](https://www.binance.com/register?ref=VINHTOCDO) (Code: VINHTOCDO)
Click to trade below to support me: $BTC
{spot}(BTCUSDT)
$BNB
{spot}(BNBUSDT)
$ETH
{spot}(ETHUSDT)
#BinanceHadAlreadyCovered$6BofHackLoss #BinanceSAFU #CryptoSecurity #CryptoFunds #SecureTrading #VINHTOCDO
The big boss at Binance just posted to confirm that he personally paid out of pocket to cover the entire $6 billion loss from the hack!
So fast, so dangerous—truly a legendary CEO, always ready to “throw money around” and take care of users whenever they run into trouble. No matter how much of a “TraderTraitor” the hacker is, SAFU still stands firm on three legs.
What should traders do now?
Get comfy and sleep soundly—what else, folks! Assets are fully backed, but don’t get complacent and neglect your personal 2FA security. Just take it easy, keep trading, and scoop up all the good stuff at great prices in preparation for the upcoming uptrend!
⚠️ This is not financial advice.
Sign up for a new account to support me: https://www.binance.com/register?ref=VINHTOCDO (Code: VINHTOCDO)
Click to trade below to support me: $BTC
$BNB
$ETH
#BinanceHadAlreadyCovered$6BofHackLoss #BinanceSAFU #CryptoSecurity #CryptoFunds #SecureTrading #VINHTOCDO
So fast, so dangerous—truly a legendary CEO, always ready to “throw money around” and take care of users whenever they run into trouble. No matter how much of a “TraderTraitor” the hacker is, SAFU still stands firm on three legs.
What should traders do now?
Get comfy and sleep soundly—what else, folks! Assets are fully backed, but don’t get complacent and neglect your personal 2FA security. Just take it easy, keep trading, and scoop up all the good stuff at great prices in preparation for the upcoming uptrend!
⚠️ This is not financial advice.
Sign up for a new account to support me: https://www.binance.com/register?ref=VINHTOCDO (Code: VINHTOCDO)
Click to trade below to support me: $BTC
$BNB
$ETH
#BinanceHadAlreadyCovered$6BofHackLoss #BinanceSAFU #CryptoSecurity #CryptoFunds #SecureTrading #VINHTOCDO
2
1.2k
·
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Bearish
#BinanceReports80%Recoveryof$6.3BillioninLossesfromHackIncident
💥 STAY CALM, EVERYONE—IT HASN’T COLLAPSED, SO DON’T WORRY! 💥
A lot of people keep saying, “The more they explain, the more certain it is that it’s already collapsed!” But take another look: co-CEOs Richard Teng and Yi He just announced that Binance has already used its own funds to cover 80% of the total $6.3 billion in losses. The exchange has prepared a $6.34 billion compensation fund and is also working to freeze an additional $3 billion on-chain. Users’ funds are completely safe in cold wallets, and withdrawal services are being reopened in stages!
What should traders do now?
Stop speculating and panic-selling! Just sit back, take in the drama, and wait for the Proof of Reserves (PoR) to be released next Monday so you can verify your own balance and be sure.
⚠️ This is not financial advice!
Sign up for a Binance account and trade alongside me:
📌 Link: [https://www.binance.com/register?ref=VINHTOCDO](https://www.binance.com/register?ref=VINHTOCDO)
📌 Referral code: VINHTOCDO
👇 Click below to trade and support me:
$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
#BinanceSAFU #CryptoNews #ProofofReserves #BlockchainSecurity #VINHTOCDO
#BinanceReports80%Recoveryof$6.3BillioninLossesfromHackIncident
💥 STAY CALM, EVERYONE—IT HASN’T COLLAPSED, SO DON’T WORRY! 💥
A lot of people keep saying, “The more they explain, the more certain it is that it’s already collapsed!” But take another look: co-CEOs Richard Teng and Yi He just announced that Binance has already used its own funds to cover 80% of the total $6.3 billion in losses. The exchange has prepared a $6.34 billion compensation fund and is also working to freeze an additional $3 billion on-chain. Users’ funds are completely safe in cold wallets, and withdrawal services are being reopened in stages!
What should traders do now?
Stop speculating and panic-selling! Just sit back, take in the drama, and wait for the Proof of Reserves (PoR) to be released next Monday so you can verify your own balance and be sure.
⚠️ This is not financial advice!
Sign up for a Binance account and trade alongside me:
📌 Link: https://www.binance.com/register?ref=VINHTOCDO
📌 Referral code: VINHTOCDO
👇 Click below to trade and support me:
$BTC
$ETH
$BNB
#BinanceSAFU #CryptoNews #ProofofReserves #BlockchainSecurity #VINHTOCDO
💥 STAY CALM, EVERYONE—IT HASN’T COLLAPSED, SO DON’T WORRY! 💥
A lot of people keep saying, “The more they explain, the more certain it is that it’s already collapsed!” But take another look: co-CEOs Richard Teng and Yi He just announced that Binance has already used its own funds to cover 80% of the total $6.3 billion in losses. The exchange has prepared a $6.34 billion compensation fund and is also working to freeze an additional $3 billion on-chain. Users’ funds are completely safe in cold wallets, and withdrawal services are being reopened in stages!
What should traders do now?
Stop speculating and panic-selling! Just sit back, take in the drama, and wait for the Proof of Reserves (PoR) to be released next Monday so you can verify your own balance and be sure.
⚠️ This is not financial advice!
Sign up for a Binance account and trade alongside me:
📌 Link: https://www.binance.com/register?ref=VINHTOCDO
📌 Referral code: VINHTOCDO
👇 Click below to trade and support me:
$BTC
$ETH
$BNB
#BinanceSAFU #CryptoNews #ProofofReserves #BlockchainSecurity #VINHTOCDO
egimuhyi:
exjKo
1
7
569
·
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Bearish
#RichardTengSaysBinanceWillCoverAllHackedLosseswithCompanyFunds
🛡️ THE EXCHANGE IS DOWN? NO, IT JUST SWITCHED ON “WEALTH-TRANSFORMATION MODE”! 🛡️
CEO Richard Teng has just reassured everyone about the Binance hot wallet hack with a rock-solid promise: the exchange will cover 100% of the losses out of its own pocket (company funds)! They say Binance has $6.34 billion in reserves, and everyone’s assets are still safe in cold wallets. But... the more I hear, the more worried I get, folks! Hackers are now using tricks like EIP-7702 and wiping their tracks like in an action movie. I’m scared our accounts could vanish in the blink of an eye!
What should traders do right now?
Don’t panic and rush to withdraw! Wait for the exchange to reopen withdrawals before Sunday, check your balance, and turn your 2FA security up to the max. Take your time and wait for the proof of reserves (PoR) next Monday to see what’s really going on, then decide what to do!
⚠️ This is not financial advice!
Sign up for Binance and get rewards:
📌 Link: [https://www.binance.com/register?ref=VINHTOCDO](https://www.binance.com/register?ref=VINHTOCDO)
📌 Referral code: VINHTOCDO
👇 Click below to trade and support me:
$BNB
{future}(BNBUSDT)
$ETH
{future}(ETHUSDT)
$BTC
{future}(BTCUSDT)
#BinanceSAFU #CryptoSecurity #EthereumEIP7702 #CryptoNews #VINHTOCDO #RichardTeng
#RichardTengSaysBinanceWillCoverAllHackedLosseswithCompanyFunds
🛡️ THE EXCHANGE IS DOWN? NO, IT JUST SWITCHED ON “WEALTH-TRANSFORMATION MODE”! 🛡️
CEO Richard Teng has just reassured everyone about the Binance hot wallet hack with a rock-solid promise: the exchange will cover 100% of the losses out of its own pocket (company funds)! They say Binance has $6.34 billion in reserves, and everyone’s assets are still safe in cold wallets. But... the more I hear, the more worried I get, folks! Hackers are now using tricks like EIP-7702 and wiping their tracks like in an action movie. I’m scared our accounts could vanish in the blink of an eye!
What should traders do right now?
Don’t panic and rush to withdraw! Wait for the exchange to reopen withdrawals before Sunday, check your balance, and turn your 2FA security up to the max. Take your time and wait for the proof of reserves (PoR) next Monday to see what’s really going on, then decide what to do!
⚠️ This is not financial advice!
Sign up for Binance and get rewards:
📌 Link: https://www.binance.com/register?ref=VINHTOCDO
📌 Referral code: VINHTOCDO
👇 Click below to trade and support me:
$BNB
$ETH
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#BinanceSAFU #CryptoSecurity #EthereumEIP7702 #CryptoNews #VINHTOCDO #RichardTeng
🛡️ THE EXCHANGE IS DOWN? NO, IT JUST SWITCHED ON “WEALTH-TRANSFORMATION MODE”! 🛡️
CEO Richard Teng has just reassured everyone about the Binance hot wallet hack with a rock-solid promise: the exchange will cover 100% of the losses out of its own pocket (company funds)! They say Binance has $6.34 billion in reserves, and everyone’s assets are still safe in cold wallets. But... the more I hear, the more worried I get, folks! Hackers are now using tricks like EIP-7702 and wiping their tracks like in an action movie. I’m scared our accounts could vanish in the blink of an eye!
What should traders do right now?
Don’t panic and rush to withdraw! Wait for the exchange to reopen withdrawals before Sunday, check your balance, and turn your 2FA security up to the max. Take your time and wait for the proof of reserves (PoR) next Monday to see what’s really going on, then decide what to do!
⚠️ This is not financial advice!
Sign up for Binance and get rewards:
📌 Link: https://www.binance.com/register?ref=VINHTOCDO
📌 Referral code: VINHTOCDO
👇 Click below to trade and support me:
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#BinanceSAFU #CryptoSecurity #EthereumEIP7702 #CryptoNews #VINHTOCDO #RichardTeng
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