Today's good news for Binance - after the big $6.3B hack last week:1. Withdrawals are BACK:
Binance resumed withdrawals today Nov 3 from 04:00 GMT. Now you can withdraw on 9 major networks: BTC, ETH, BNB Smart Chain, Solana, XRP, Sui, Arbitrum, Optimism, Tron and Base. Yesterday they already opened 15 networks including Zcash, TON.2. 95% of stolen funds covered:
Binance said it has covered 95% of the loss from its own funds - SAFU fund + treasury. Co-CEO Richard Teng said company is in "very strong financial health" and will absorb the loss, not users cnn.combinance.com3. Deposits > Withdrawals again:
For the first time since the hack, hourly deposits surpassed withdrawals at 03:00 UTC today. That means panic outflows ($5.8B) are stabilizing and flows are "pretty much normalised" reuters.com4. Proof of Reserves verified:
Binance completed zero-knowledge proof that 10 major tokens (BTC, ETH, USDT, BNB, SOL, USDC, XRP etc) are backed 1:1 and verifiable by users.In short: Funds are SAFU, withdrawals working, and the worst is over.
#BinanceReopensWithdrawalsForMoreAssets #AppleReportsMixedResults #BinanceHourlyDepositsExceedWithdrawals #PalantirSlides3PercentOn$2BRevenue