Is the worst of the Binance hack over, or is today the real test?
Binance says it has replaced 90% of the $6.3B stolen Thursday, up from ~80% in its prior update (CoinDesk, Oct 31). Ten major assets, including $BTC, are now fully backed, and withdrawals restart today, Nov 1.
Why it matters: frozen is not recovered, and the last 10% is the illiquid tail that takes longest to buy back. The real verdict lands Nov 3, when the full cryptographic proof of reserves is due.
Will reopening go smoothly, or does the last 10% drag on? 👇
Not financial advice. DYOR.
#crypto #BinanceHack
Binance says it has replaced 90% of the $6.3B stolen Thursday, up from ~80% in its prior update (CoinDesk, Oct 31). Ten major assets, including $BTC, are now fully backed, and withdrawals restart today, Nov 1.
Why it matters: frozen is not recovered, and the last 10% is the illiquid tail that takes longest to buy back. The real verdict lands Nov 3, when the full cryptographic proof of reserves is due.
Will reopening go smoothly, or does the last 10% drag on? 👇
Not financial advice. DYOR.
#crypto #BinanceHack
