Binance: Phased Withdrawals Resume After 95% Recovery
Binance CEO Richard Teng stated that the exchange has begun phased withdrawal resumption after replenishing 95% of impacted assets and will absorb all losses from the theft rather than passing costs to users.
SourceAnalysis
Binance has begun the phased resumption of withdrawals after replenishing approximately 95% of impacted assets, with CEO Richard Teng confirming the platform will cover the full cost of stolen funds instead of users.
Richard Teng
@_RichardTengRichard Teng is Binance CEO