Binance covers 90% of hack losses and reopens withdrawals tomorrow
BROBROK News · Based on reporting by CriptoNoticias ·
Binance said it will cover 90% of the losses linked to the hack and plans to reopen withdrawals tomorrow. The exchange also set aside funds to support major assets such as BTC, ETH and USDT.
Key points
- Binance said it will absorb 90% of the losses
- Withdrawals are scheduled to reopen the next day
- Support funds were set aside for BTC, ETH and USDT
- The move is meant to reduce the impact on affected users
Why it matters
The decision shows how large exchanges may use their own resources to limit the damage from security incidents. It also affects how users may view the platform’s reliability and liquidity after the breach.
Original headline: “Binance asume el 90% de las pérdidas por el hackeo y reabre retiros mañana”
Read the original on CriptoNoticias
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.