Important update regarding the Binance hack and RSR 🚨
Binance has confirmed that all losses resulting from the hot wallet hack will be covered using the company’s own funds. These include 3.38 billion stolen RSR tokens!
🔹 Key points:
Liquidity preparation: More than $6.34 billion has been allocated to cover the affected assets.
RSR buyback plan: Since the Reserve Protocol treasury does not intend to reduce its holdings, Binance will buy back the lost RSR from the open market through a professional market maker by Monday.
Withdrawals: Temporarily suspended for a system update and expected to resume before Sunday. The full Proof of Reserves report will be released on Monday.
📈 Impact on the coin (RSR):
This news is highly positive in the short term. The anticipated large-scale buybacks to replace the lost tokens from the open market will create strong buying pressure and notable support for the coin’s price, while the platform remains fully committed to covering the losses and protecting users.
#rsr #RSR/USDT #Binance #HackerAlert
#bullish $RSR
Binance has confirmed that all losses resulting from the hot wallet hack will be covered using the company’s own funds. These include 3.38 billion stolen RSR tokens!
🔹 Key points:
Liquidity preparation: More than $6.34 billion has been allocated to cover the affected assets.
RSR buyback plan: Since the Reserve Protocol treasury does not intend to reduce its holdings, Binance will buy back the lost RSR from the open market through a professional market maker by Monday.
Withdrawals: Temporarily suspended for a system update and expected to resume before Sunday. The full Proof of Reserves report will be released on Monday.
📈 Impact on the coin (RSR):
This news is highly positive in the short term. The anticipated large-scale buybacks to replace the lost tokens from the open market will create strong buying pressure and notable support for the coin’s price, while the platform remains fully committed to covering the losses and protecting users.
#rsr #RSR/USDT #Binance #HackerAlert
#bullish $RSR