Binance taps half its SAFU Bitcoin holdings, releases reserve proof

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Binance transferred 7,499 BTC from its Secure Asset Fund for Users (SAFU) to cover losses linked to the $6.3 billion hack. Following the transfer, the SAFU wallet held about 7,500 BTC worth $583 million, down from roughly 15,000 BTC. The exchange gradually resumed withdrawals and said it had replenished approximately 95% of the affected assets. It also released a cryptographic proof of reserves showing that customer holdings in 10 cryptocurrencies, including Bitcoin, Ether and USDT, were backed at least 1:1. However, SAFU’s policy does not set a deadline for replenishing funds used after a security incident.

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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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