Michael Saylor, executive chairman of The Strategy, supports Binance’s commitment to compensate customers affected by a security breach estimated at approximately $6.3 billion. He says the exchange has committed more than $6.34 billion to cover the losses and will use its own balance sheet to cover any shortfall. About $3 billion of stolen assets were frozen on the blockchain with assistance from law enforcement and Binance partners. The investigation found no evidence of employee negligence or compromised private keys, while the speed of the fund transfers raises new questions about industry security.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
