Binance reports 90% replenishment after its $6.3 billion security incident.
Binance has announced significant progress in covering the losses caused by its recent security breach.
Here are the key updates:
Around 90% of the affected assets have been replenished.
More than $6.34 billion has been allocated to cover the losses.
$BTC , $ETH , $USDT , BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported as fully backed.
The remaining 10% involves less-liquid tokens that may take longer to acquire.
Withdrawals are expected to resume on November 1, subject to Binance's security process.
The response highlights the role of emergency reserves and corporate resources during a major exchange incident.
However, replenishing customer assets is not the same as recovering the stolen funds.
Does this response restore your confidence in Binance, or has the security incident changed how you view centralized exchanges?
#Binance #SAFU #CryptoSecurity #Bitcoin
Binance has announced significant progress in covering the losses caused by its recent security breach.
Here are the key updates:
Around 90% of the affected assets have been replenished.
More than $6.34 billion has been allocated to cover the losses.
$BTC , $ETH , $USDT , BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reported as fully backed.
The remaining 10% involves less-liquid tokens that may take longer to acquire.
Withdrawals are expected to resume on November 1, subject to Binance's security process.
The response highlights the role of emergency reserves and corporate resources during a major exchange incident.
However, replenishing customer assets is not the same as recovering the stolen funds.
Does this response restore your confidence in Binance, or has the security incident changed how you view centralized exchanges?
#Binance #SAFU #CryptoSecurity #Bitcoin