Binance says its SAFU fund transfer is done: 7,499 BTC, roughly $581 million, moved per Whale Alert and Binance's own confirmation.
That comes right after the exchange said it covered most of the $6.3 billion hack and reopened withdrawals in phases. $BTC is near $78,350 as the dust settles.
My take: transparency on fund movements matters more than the headline number right now. Reserve reports this week could set the tone.
Which would rebuild your trust faster: a full proof-of-reserves report or a longer period of smooth withdrawals?
#Binance #SAFU #Bitcoin #ProofOfReserves
That comes right after the exchange said it covered most of the $6.3 billion hack and reopened withdrawals in phases. $BTC is near $78,350 as the dust settles.
My take: transparency on fund movements matters more than the headline number right now. Reserve reports this week could set the tone.
Which would rebuild your trust faster: a full proof-of-reserves report or a longer period of smooth withdrawals?
#Binance #SAFU #Bitcoin #ProofOfReserves