🚨 Positive and important news for users of #Binance !
According to the latest update:
✅ More than $6.34 billion in company funds has been allocated to cover losses from the security incident.
✅ Of that amount, $5 billion is already held in the affected cryptocurrencies.
✅ Assets worth $3 billion have been frozen, and recovery efforts are ongoing.
✅ The company has committed to covering any confirmed shortfall and publishing Proof of Reserves to verify users’ balances.
Most importantly, Binance hasn’t relied on reassurances alone; it has announced concrete financial steps to address the impact of the incident.
Trust is built through action, transparency, and accountability.
According to the latest update:
✅ More than $6.34 billion in company funds has been allocated to cover losses from the security incident.
✅ Of that amount, $5 billion is already held in the affected cryptocurrencies.
✅ Assets worth $3 billion have been frozen, and recovery efforts are ongoing.
✅ The company has committed to covering any confirmed shortfall and publishing Proof of Reserves to verify users’ balances.
Most importantly, Binance hasn’t relied on reassurances alone; it has announced concrete financial steps to address the impact of the incident.
Trust is built through action, transparency, and accountability.