Binance has reportedly replenished about 95% of the hacked assets, but its SAFU fund is still below its optimal level "Binance has approximately 95% of affected assets…
Original source excerpt
Binance has reportedly replenished about 95% of the hacked assets, but its SAFU fund is still below its optimal level "Binance has approximately 95% of affected assets replenished, which is wild." "…
Binance has reportedly replenished about 95% of the hacked assets, but its SAFU fund is still below its optimal level "Binance has approximately 95% of affected assets replenished, which is wild." "A lot of it had to actually be bought back. So they went on the OTC markets and bought back a bunch of esoteric altcoins." "Even that couldn't pump the prices. A whole bunch of buying demand from Binance to replenish supplies, and we still are not seeing things go up." "Interestingly, their SAFU fund is now at a level below what they have disclosed is ideal or allowed." "They have not made an announcement yet as to how they're going to replenish that. But we can anticipate that coming soon."
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