Brothers, don’t panic. Don’t let all those liquidation screenshots scare you—Binance is stepping in with a serious recovery effort!
The latest announcement confirms it: recovery of the stolen assets is already underway in earnest. Binance is working with law enforcement, issuers, and industry partners to keep tracing and freezing the assets.
Here are the key points on the funds:
1. Full coverage: The company will cover all losses with its own funds.
2. Real money, ready to go: More than $6.34 billion in funds has been prepared, including over $5 billion worth of the corresponding tokens already secured. The rest is being rapidly purchased on the secondary market and through OTC channels. Since some tokens have limited liquidity and OTC settlements take time, the recovery will proceed in stages.
One important note: The $6.34 billion does not include the roughly $3 billion that has already been frozen! That’s like having double protection. If any shortfall is confirmed later, the company will continue to make up the difference out of pocket. Ultimately, everyone will be able to publicly verify that their funds are backed through Binance’s Proof of Reserves (PoR).
In short: Funds are being replenished, freezing efforts are underway, and PoR provides a backstop. Replenishing short-term liquidity will take some time, but this kind of no-nonsense move—actually spending money to buy the tokens—is worth more than a hundred reassuring announcements. Stay calm! #币安最新公告 $BNB
The latest announcement confirms it: recovery of the stolen assets is already underway in earnest. Binance is working with law enforcement, issuers, and industry partners to keep tracing and freezing the assets.
Here are the key points on the funds:
1. Full coverage: The company will cover all losses with its own funds.
2. Real money, ready to go: More than $6.34 billion in funds has been prepared, including over $5 billion worth of the corresponding tokens already secured. The rest is being rapidly purchased on the secondary market and through OTC channels. Since some tokens have limited liquidity and OTC settlements take time, the recovery will proceed in stages.
One important note: The $6.34 billion does not include the roughly $3 billion that has already been frozen! That’s like having double protection. If any shortfall is confirmed later, the company will continue to make up the difference out of pocket. Ultimately, everyone will be able to publicly verify that their funds are backed through Binance’s Proof of Reserves (PoR).
In short: Funds are being replenished, freezing efforts are underway, and PoR provides a backstop. Replenishing short-term liquidity will take some time, but this kind of no-nonsense move—actually spending money to buy the tokens—is worth more than a hundred reassuring announcements. Stay calm! #币安最新公告 $BNB
