Binance is turning recovery into results. 🤝
90% of the stolen funds have now been covered, and the latest update sends a strong message to the entire crypto market.
Here's what matters:
🔹 $6.34B+ in company funds allocated to cover the losses.
🔹 Major assets, including $BTC , $ETH , $BNB , SOL , XRP, USDT , , and others, are now 100% backed.
🔹 Binance will absorb the financial impact instead of passing the losses on to users.
🔹 The remaining 10% involves less liquid tokens that require more time to secure.
🔹 Withdrawals remain on track to resume on November 1.
And there's more: Binance is updating its Proof of Reserves so users can independently verify the backing of their assets once the updated proof is available.
In a market where trust is everything, actions speak louder than words.
Protecting users, taking responsibility, and showing measurable progress. That's how you build confidence.
Binance isn't just talking about recovery. It's putting its own resources behind it. 🔶
#CZDismissesClaimsBinanceHackWasPredicted #BinanceUpdatesProofofReservesAddresses
90% of the stolen funds have now been covered, and the latest update sends a strong message to the entire crypto market.
Here's what matters:
🔹 $6.34B+ in company funds allocated to cover the losses.
🔹 Major assets, including $BTC , $ETH , $BNB , SOL , XRP, USDT , , and others, are now 100% backed.
🔹 Binance will absorb the financial impact instead of passing the losses on to users.
🔹 The remaining 10% involves less liquid tokens that require more time to secure.
🔹 Withdrawals remain on track to resume on November 1.
And there's more: Binance is updating its Proof of Reserves so users can independently verify the backing of their assets once the updated proof is available.
In a market where trust is everything, actions speak louder than words.
Protecting users, taking responsibility, and showing measurable progress. That's how you build confidence.
Binance isn't just talking about recovery. It's putting its own resources behind it. 🔶
#CZDismissesClaimsBinanceHackWasPredicted #BinanceUpdatesProofofReservesAddresses
