Binance: Covers 95% of $3.3B Hack Losses
CZ Binance stated that the exchange has allocated 100% of funds toward its $3.3B hack losses, leaving only 5% in less liquid tokens that require additional time to convert.
SourceAnalysis
Binance has allocated 100% of the funds to cover its $3.3B hack losses, with the remaining 5% consisting of less liquid tokens that are taking extra time to convert, CZ posted on X.
CZ_BNB
@cz_binanceFounder and former CEO of Binance, the world's largest cryptocurrency exchange. Shares insights on cryptocurrency adoption, blockchain technology development, and personal perspectives on building in the Web3 space, while navigating regulatory challenges and industry evolution.