Two platforms hacked, one paying up: Polymarket has fully refunded all 689 wallets, while Binance is still plugging the remaining 10% of the hole.
According to Polymarket: 689 of the 726 affected wallets have been fully refunded; the remaining 37 will be reimbursed after verification.
Another $1.19 million was paid to around 5,500 wallets to cover losses during the trading suspension.
CoinGecko data: BTC is currently at $78,275, up 1.04% over 24 hours, with a range of $77,441–$78,283; ETH is at $2,273, and SOL at $94.47.
A week ago, $1.6 billion in liquidations and BTC testing a six-week low of $77,300. This weekend, somehow, it’s holding steady around $78,000—like someone who just took a beating sitting down for tea.
I don’t think they paid out quickly because they suddenly grew a conscience. They did the math: don’t pay, and the next wave of users walks; pay, and at least the market remembers that “the platform will make it right.”
The books aren’t settled on the other side: over $6 billion stolen from Binance, the FBI pointing to North Korea’s TraderTraitor, 90% reimbursed—the remaining 10% is the real test.
Which side are you on: should full compensation after a platform incident be an industry rule, or will everyone forget once they’ve been paid, only for users to be left exposed again next time?
$BTC $ETH
#Polymarket #BinanceCompensation
According to Polymarket: 689 of the 726 affected wallets have been fully refunded; the remaining 37 will be reimbursed after verification.
Another $1.19 million was paid to around 5,500 wallets to cover losses during the trading suspension.
CoinGecko data: BTC is currently at $78,275, up 1.04% over 24 hours, with a range of $77,441–$78,283; ETH is at $2,273, and SOL at $94.47.
A week ago, $1.6 billion in liquidations and BTC testing a six-week low of $77,300. This weekend, somehow, it’s holding steady around $78,000—like someone who just took a beating sitting down for tea.
I don’t think they paid out quickly because they suddenly grew a conscience. They did the math: don’t pay, and the next wave of users walks; pay, and at least the market remembers that “the platform will make it right.”
The books aren’t settled on the other side: over $6 billion stolen from Binance, the FBI pointing to North Korea’s TraderTraitor, 90% reimbursed—the remaining 10% is the real test.
Which side are you on: should full compensation after a platform incident be an industry rule, or will everyone forget once they’ve been paid, only for users to be left exposed again next time?
$BTC $ETH
#Polymarket #BinanceCompensation
