Binance Says It Has Fully Covered the $6.34 Billion Hack With Company Funds

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Binance said it has replaced all tokens affected by the October 29 hack, valued at $6.34 billion, using company funds, its corporate treasury and part of its SAFU insurance fund. The exchange pledged to replenish SAFU to about $1 billion, preserving it as an emergency reserve for user protection. Binance also published a proof-of-reserves snapshot covering 198 tokens, with a zero-knowledge proof expected within 40 to 50 hours to let users independently verify minimum 1:1 backing. Withdrawals are still reopening in phases, and the exchange has not disclosed how much of the stolen assets it has recovered or identified the attackers.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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