6 days post-hack and Binance just set a new standard:
$6.3B stolen (biggest in crypto history)
$3B frozen by partners
98% covered by Binance treasury — not users
Withdrawals live again in 2 phases
FBI confirmed: North Korea
Fresh PoR on 44 tokens post-withdrawals
Zero socialized losses. The exchange ate it.
This is what institutional-grade security backstops look like. Most CEXs would've collapsed or forced haircuts. $BNB just proved why liquidity depth + reserve policy matters more than marketing.
$6.3B stolen (biggest in crypto history)
$3B frozen by partners
98% covered by Binance treasury — not users
Withdrawals live again in 2 phases
FBI confirmed: North Korea
Fresh PoR on 44 tokens post-withdrawals
Zero socialized losses. The exchange ate it.
This is what institutional-grade security backstops look like. Most CEXs would've collapsed or forced haircuts. $BNB just proved why liquidity depth + reserve policy matters more than marketing.