🚨 “BACKED, NOT BROKEN” — RICHARD TENG
Binance co-CEO Richard Teng just made it clear again:
Users will not bear any loss from the $6.3B hack.
Key points from the latest update:
• Binance is absorbing the full financial impact
• Company funds + SAFU are covering the shortfall
• 10 major tokens already at 100% backing
• Overall recovery now at ~90%
The message is simple:
Customer balances stay whole. The company takes the hit.
After the largest crypto theft in history, this is the line Binance is drawing.
Question for you:
Does “users bear no loss” fully restore your confidence…
or do you still want to see full withdrawals and verified Proof of Reserves first?
$LSK $ESPORTS $AIN
#BackedNotBroken:RichardTengSaysUsersBearNoLoss
Binance co-CEO Richard Teng just made it clear again:
Users will not bear any loss from the $6.3B hack.
Key points from the latest update:
• Binance is absorbing the full financial impact
• Company funds + SAFU are covering the shortfall
• 10 major tokens already at 100% backing
• Overall recovery now at ~90%
The message is simple:
Customer balances stay whole. The company takes the hit.
After the largest crypto theft in history, this is the line Binance is drawing.
Question for you:
Does “users bear no loss” fully restore your confidence…
or do you still want to see full withdrawals and verified Proof of Reserves first?
$LSK $ESPORTS $AIN
#BackedNotBroken:RichardTengSaysUsersBearNoLoss
