#BinanceHadAlreadyCovered$6BofHackLoss
💰 Binance Says $6B of the $6.3B Hack Loss Is Already Covered
📅 "We had already covered $6B of the impacted amount of the hacked loss," Binance said on X on Saturday (Reuters)
📊 That is about 90% of the $6.3B taken in the hack
⚠️ The rest, now under 10%, is less liquid tokens that may take longer to source
🏦 Funding came from part of the $1B SAFU fund, some of the Futures Insurance Fund and Binance's own treasury
💵 About $6.34B of company funds has been set aside internally
🕵️ The FBI tied it to North Korea's TraderTraitor
What it means for crypto: a fast refill shrinks the risk of users taking losses, but the SAFU and insurance buffers now need rebuilding, and the remaining illiquid tokens are the part to watch.
Does a quick refill restore your trust, or do reserves proofs matter more? 👇
$BTC $BNB
#CryptoNews #Binance #CryptoSecurity #BinanceHadAlreadyCovered$6BofHackLoss
💰 Binance Says $6B of the $6.3B Hack Loss Is Already Covered
📅 "We had already covered $6B of the impacted amount of the hacked loss," Binance said on X on Saturday (Reuters)
📊 That is about 90% of the $6.3B taken in the hack
⚠️ The rest, now under 10%, is less liquid tokens that may take longer to source
🏦 Funding came from part of the $1B SAFU fund, some of the Futures Insurance Fund and Binance's own treasury
💵 About $6.34B of company funds has been set aside internally
🕵️ The FBI tied it to North Korea's TraderTraitor
What it means for crypto: a fast refill shrinks the risk of users taking losses, but the SAFU and insurance buffers now need rebuilding, and the remaining illiquid tokens are the part to watch.
Does a quick refill restore your trust, or do reserves proofs matter more? 👇
$BTC $BNB
#CryptoNews #Binance #CryptoSecurity #BinanceHadAlreadyCovered$6BofHackLoss
