CZ: BINANCE COVERED THE HACK FROM ITS BALANCE SHEET WITHOUT BORROWING OR SELLING ASSETS! @cz_binance says @binance did not borrow money, sell assets, or raise capital to cover…
Original source excerpt
🚨CZ: BINANCE COVERED THE HACK FROM ITS BALANCE SHEET WITHOUT BORROWING OR SELLING ASSETS! @cz_binance says @binance did not borrow money, sell assets, or raise capital to cover the roughly $6.3B hac…
🚨CZ: BINANCE COVERED THE HACK FROM ITS BALANCE SHEET WITHOUT BORROWING OR SELLING ASSETS! @cz_binance says @binance did not borrow money, sell assets, or raise capital to cover the roughly $6.3B hack. It absorbed the losses directly from its balance sheet. The exchange has already allocated 100% of the funds, with the final 5% still being converted into some smaller tokens. This approach differs from other major incidents.
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