#binance98percentreplenished
📊 Binance has so far restored 98% of the funds affected by the security incident.
Binance says it will reimburse the stolen funds from its own resources, not customer assets. The platform has already allocated more than 100% of the amount needed to cover the losses.
But there’s something worth noting. ⚠️
It may take longer to provide the remaining 2%, because those tokens have lower liquidity. Binance continues to make purchases through market channels and over-the-counter (OTC) trading.
There has also been progress in transparency. Its latest proof-of-reserves snapshot now includes 44 tokens, up from just 10.
Creating the zero-knowledge proof is expected to take an additional 50–60 hours, after which users will be able to independently verify that the covered assets are backed 1:1.
Recovery efforts are ongoing, but the final 2% still needs attention.
Can Binance fully restore users’ trust through these recovery efforts?
#Binance #CryptoSecurity #ProofOfReserves #أخبار_العملات_المشفرة
📊 Binance has so far restored 98% of the funds affected by the security incident.
Binance says it will reimburse the stolen funds from its own resources, not customer assets. The platform has already allocated more than 100% of the amount needed to cover the losses.
But there’s something worth noting. ⚠️
It may take longer to provide the remaining 2%, because those tokens have lower liquidity. Binance continues to make purchases through market channels and over-the-counter (OTC) trading.
There has also been progress in transparency. Its latest proof-of-reserves snapshot now includes 44 tokens, up from just 10.
Creating the zero-knowledge proof is expected to take an additional 50–60 hours, after which users will be able to independently verify that the covered assets are backed 1:1.
Recovery efforts are ongoing, but the final 2% still needs attention.
Can Binance fully restore users’ trust through these recovery efforts?
#Binance #CryptoSecurity #ProofOfReserves #أخبار_العملات_المشفرة
