šØ Binance is taking action! About an hour ago, Binanceās SAFU Fund transferred⦠· @TuanNguyen_6789 Ā· TwKit
@TuanNguyen_6789
šØ Binance is taking action! About an hour ago, Binanceās SAFU Fund transferred 7,500 $BTC (~$581M) to another wallet. This comes shortly after @binance released Security Incident Update #3: ⢠90% of stolen assets replenished, up from 80%. ⢠10 major tokens, including BTC, ETH, BNB, and USDT, are now 100% backed. ⢠Binance is using SAFU, Futures Insurance Funds, and its corporate treasury. ⢠The remaining 10% consists of less liquid tokens. ⢠SAFU will be replenished to ~$1B. ⢠Proof of Reserves updated, with full verification expected Nov 3. ⢠Withdrawals expected to resume Nov 1. Binance has committed to absorbing the losses, not passing them on to users.
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