$SOL The news is loud but the facts are steadier than the headlines.Binance says user funds are safe and that it will cover all losses from its SAFU fund and its own company reserves.
Roughly $3 billion of the stolen assets have already been frozen,with help from Tether, Circle and Ripple.Deposits stayed unaffected and withdrawals are expected to resume within about 48 hours.
Analysts don't currently see a major solvency risk. Binance also says it found no leaked private keys and has promised a full technical report.
A hack this size is serious but a response this fast shows why Binance is still the biggest exchange.
FUNDS ARE SAFE GUYS
NOTHING TO WORRY
Roughly $3 billion of the stolen assets have already been frozen,with help from Tether, Circle and Ripple.Deposits stayed unaffected and withdrawals are expected to resume within about 48 hours.
Analysts don't currently see a major solvency risk. Binance also says it found no leaked private keys and has promised a full technical report.
A hack this size is serious but a response this fast shows why Binance is still the biggest exchange.
FUNDS ARE SAFE GUYS
NOTHING TO WORRY
