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CryptoChronicler
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CryptoChronicler
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Exploring the fascinating world of cryptocurrencies and blockchain technology. Join me as I chronicle the latest trends and insights in the crypto universe.
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CryptoChronicler
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#BinancePick
#BinancePick
CryptoChronicler
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#BinancePick
#BinancePick
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CryptoChronicler
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#BinancePick
#BinancePick
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BinanceSAFUFundTransferCompleted7499BTC
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BREAKING: Binance Recovers 90% of $6.3B - My Take Guys, biggest recovery in crypto history just happened. Binance just confirmed in its 3rd security update on Oct 31: 90% of the stolen assets have been replenished - up from 80% yesterday. What happened? Total breach: ∼$6.3B on Oct 29 (hot wallets)Binance set aside $6.34B from company funds to cover itSources used: Corporate Treasury + SAFU Fund ($1B fund) + Futures Insurance FundResult: 10 major tokens now 100% backed: $BTC, $ETH, $USDT, $BNB, $SOL, $USDC, $XRP, $USD1, $RLUSD, $ZECRemaining 10% are less liquid tokens, will take more time to sourceWithdrawals expected to resume Nov 1 My analysis: This is why Binance is still #1. No other exchange could cover $6.3B from its own pocket in 2 days. This shows SAFU actually works. Is this enough to bring back trust? Or you are still worried? Drop your opinion below - I will read all comments. Binance #SAFU #CryptoRecovery #BinanceSecurity #BTC#binancesafufundtransfercompleted7499btc
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BinanceRecovery90% of stolen assets
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