Binance has replenished 98% of affected reserves — Richard Teng
Binance took financial responsibility for the consequences of the cyberattack and set aside more funds than necessary to cover the damage, the company’s co-CEO Richard Teng said.
The remaining 2% consists of less liquid tokens. They are being gradually purchased through over-the-counter trades to avoid sharp price movements.
According to Teng, Binance closed the identified points of entry, rebuilt the affected systems, and strengthened threat monitoring. Together with its partners, it managed to freeze or intercept around $2.85 billion.
Read more on the website.#Binance #HotTrends #crypto #Write2Earn #BinanceSquare $USDT $USDC
Binance took financial responsibility for the consequences of the cyberattack and set aside more funds than necessary to cover the damage, the company’s co-CEO Richard Teng said.
The remaining 2% consists of less liquid tokens. They are being gradually purchased through over-the-counter trades to avoid sharp price movements.
According to Teng, Binance closed the identified points of entry, rebuilt the affected systems, and strengthened threat monitoring. Together with its partners, it managed to freeze or intercept around $2.85 billion.
Read more on the website.#Binance #HotTrends #crypto #Write2Earn #BinanceSquare $USDT $USDC
