๐จ BINANCE LATEST UPDATE: SECURITY, SAFU & THE ROAD TO RESTORING TRUST! ๐
October 31 brings another important chapter in Binance's $6.3 billion security incident.
Here are the key developments:
๐น Full financial coverage: Binance says it has allocated more than $6.34 billion to cover the affected assets through company resources and SAFU.
๐น $3 billion frozen: Binance and its industry partners have reportedly frozen approximately $3 billion in affected assets.
๐น Withdrawals: Binance is working towards a phased restoration, targeting approximately 34 hours from its October 30 announcement, subject to security checks.
๐น Proof of Reserves: An updated report is expected by November 2, offering users greater transparency.
๐น Industry response: Coinbase and other exchanges are reviewing security measures and strengthening cooperation against cyberattacks.
My perspective: This incident is a serious reminder that even major platforms must continuously improve security. What matters now is transparency, accountability and protecting users.
November could be an important month for rebuilding confidence in crypto.
What is your biggest concern: security, withdrawals or market sentiment?
#Binance
#SecurityAlert
#update
#CryptoNewss
#safu
$FHE
$RAVE
$MYX
@Eggtartcake
@Yi He
@ไบคๆๅๅผ ๅผ ๅญ
@้ๆธ
@ๅฟซไน็ๅฐๆตท่ฑน
@ไธ้ฉฌๅฅ
@่้็กไธ้
@้ฟๅจ่ตๆฌ
@ๆธดๆญป้ฑผ_ๅๅนด3w-100wๅฎ็ๅทฒๅผ
@Powerpei
@Jackie Wion Tut8
October 31 brings another important chapter in Binance's $6.3 billion security incident.
Here are the key developments:
๐น Full financial coverage: Binance says it has allocated more than $6.34 billion to cover the affected assets through company resources and SAFU.
๐น $3 billion frozen: Binance and its industry partners have reportedly frozen approximately $3 billion in affected assets.
๐น Withdrawals: Binance is working towards a phased restoration, targeting approximately 34 hours from its October 30 announcement, subject to security checks.
๐น Proof of Reserves: An updated report is expected by November 2, offering users greater transparency.
๐น Industry response: Coinbase and other exchanges are reviewing security measures and strengthening cooperation against cyberattacks.
My perspective: This incident is a serious reminder that even major platforms must continuously improve security. What matters now is transparency, accountability and protecting users.
November could be an important month for rebuilding confidence in crypto.
What is your biggest concern: security, withdrawals or market sentiment?
#Binance
#SecurityAlert
#update
#CryptoNewss
#safu
$FHE
$RAVE
$MYX
@Eggtartcake
@Yi He
@ไบคๆๅๅผ ๅผ ๅญ
@้ๆธ
@ๅฟซไน็ๅฐๆตท่ฑน
@ไธ้ฉฌๅฅ
@่้็กไธ้
@้ฟๅจ่ตๆฌ
@ๆธดๆญป้ฑผ_ๅๅนด3w-100wๅฎ็ๅทฒๅผ
@Powerpei
@Jackie Wion Tut8
