🚨 Historic blow in the crypto world
Binance bolsters its coffers with more than $6.34 billion after the biggest heist in history
Unprecedented financial rescue
#Binance allocated more than $6.34 billion of its own corporate capital to absorb the impact and ensure that affected users’ balances are fully restored, without touching or taking any customer funds.
Strategic token acquisition: Of that total fund, $5 billion is already directly invested in the impacted tokens, and the remainder is being acquired through public market channels and over-the-counter (OTC) transactions to secure an exact match for the assets.
Frozen funds and international cooperation: Thanks to swift collaboration with industry partners, law enforcement authorities, and blockchain intelligence firms, an additional $3 billion has already been frozen and is in the process of being recovered (a figure separate from the company’s rescue capital).
Transparency guarantee: The platform stated that final solvency and recovery will be publicly verified through its Proof of Reserves protocol, overcoming this crisis with the supplementary backing of its emergency fund #SAFU
#CryptoNews #Hack
$BNB
$SOL
$BTC
Binance bolsters its coffers with more than $6.34 billion after the biggest heist in history
Unprecedented financial rescue
#Binance allocated more than $6.34 billion of its own corporate capital to absorb the impact and ensure that affected users’ balances are fully restored, without touching or taking any customer funds.
Strategic token acquisition: Of that total fund, $5 billion is already directly invested in the impacted tokens, and the remainder is being acquired through public market channels and over-the-counter (OTC) transactions to secure an exact match for the assets.
Frozen funds and international cooperation: Thanks to swift collaboration with industry partners, law enforcement authorities, and blockchain intelligence firms, an additional $3 billion has already been frozen and is in the process of being recovered (a figure separate from the company’s rescue capital).
Transparency guarantee: The platform stated that final solvency and recovery will be publicly verified through its Proof of Reserves protocol, overcoming this crisis with the supplementary backing of its emergency fund #SAFU
#CryptoNews #Hack
$BNB
$SOL
$BTC
