Peaked at #1 Now #2
CZ recalls Thai partner's aid
Michael Saylor says Binance committed its balance sheet to make customers whole, and expects the industry to strengthen security.
Key points
- Binance has committed its own balance sheet to making customers whole, according to @saylor.
- Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
- Binance has reserved over $6.34B of company funds to cover losses, per its prior public commitment.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
Binance has committed its own balance sheet to making customers whole. I expect it to deliver. Our industry will learn from this incident, strengthen security, and emerge stronger and more resilient.Quoting @binance: Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $
What others are saying
1 more-
CZ 🔶 BNB @cz_binance 6,648
CZ recalls Gulf in Thailand offered liquidity help after the 2023 fine and again now, saying strong partners show in tough times.
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Top replies on X
Reaction on X: Replies were overwhelmingly critical of Binance and the industry, questioning how a single employee laptop could be compromised and calling for the exchange's shutdown and prosecution of its executives; one reply asked how Strategy stores its bitcoin. The original poster did not respond.
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From @JustTrollinLibs, @QuietThunder55, @spinzone12 and others. Spam removed, with English and Chinese translations.
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