🔥 Binance Reports 90% Coverage of $6.3B in Affected Assets — How?
Binance says it has replenished approximately 90% of the assets affected by the reported $6.3 billion security incident. But an interesting question remains: how was this possible while on-chain investigators continue tracking the movement of stolen crypto?
According to the report, Binance used its own financial resources, including corporate treasury funds, part of its $1 billion SAFU reserve, and its Futures insurance fund.
For assets it didn't already hold, the exchange is reportedly acquiring the required tokens through market purchases and OTC transactions.
Binance also reports 100% coverage for ten major cryptocurrencies, including $BTC, $ETH, $USDT, $BNB, and $SOL.
🔍 The key takeaway: Replenishing affected assets and recovering stolen funds are two different things.
💬 Do you think this approach strength$BNB $BTC ens confidence in centralized exchanges?
#Binance #CryptoNews #SAFU #Bitcoin #Ethereum #BNB #CryptoSecurity
Binance says it has replenished approximately 90% of the assets affected by the reported $6.3 billion security incident. But an interesting question remains: how was this possible while on-chain investigators continue tracking the movement of stolen crypto?
According to the report, Binance used its own financial resources, including corporate treasury funds, part of its $1 billion SAFU reserve, and its Futures insurance fund.
For assets it didn't already hold, the exchange is reportedly acquiring the required tokens through market purchases and OTC transactions.
Binance also reports 100% coverage for ten major cryptocurrencies, including $BTC, $ETH, $USDT, $BNB, and $SOL.
🔍 The key takeaway: Replenishing affected assets and recovering stolen funds are two different things.
💬 Do you think this approach strength$BNB $BTC ens confidence in centralized exchanges?
#Binance #CryptoNews #SAFU #Bitcoin #Ethereum #BNB #CryptoSecurity
