CZ on the Binance incident 🔶
Oct 30
CZ’s latest update: token recovery has already started. Binance has reserved over $6.34B in company funds to cover the incident (with $5B already in the exact tokens affected). About $3B has been frozen so far with help from industry partners.
He also noted that Binance naturally accumulates listed tokens through trading fees, and confirmed: “Your funds are SAFU!”
Key points from CZ:
• User funds are safe
• Losses will be fully covered
• Recovery efforts underway with law enforcement and partners
Strong message from the founder during the situation.
#Binance #CZ #Crypto
Oct 30
CZ’s latest update: token recovery has already started. Binance has reserved over $6.34B in company funds to cover the incident (with $5B already in the exact tokens affected). About $3B has been frozen so far with help from industry partners.
He also noted that Binance naturally accumulates listed tokens through trading fees, and confirmed: “Your funds are SAFU!”
Key points from CZ:
• User funds are safe
• Losses will be fully covered
• Recovery efforts underway with law enforcement and partners
Strong message from the founder during the situation.
#Binance #CZ #Crypto
