Binance Expands Reserve Snapshot to 44 Tokens After Security Incident
Photo: TokenPost
Binance’s latest recovery update puts replenishment at about 98% and expands its proof-of-reserves snapshot to 44 tokens, giving customers a broader way to check reserve backing as the exchange closes out the theft response. Binance plans to buy the remaining 2% through market and over-the-counter trades. It described those tokens as having low liquidity, which may make the purchases take time. Binance said it will cover all losses from the stolen funds and has set aside more than the amount needed to cover them. The snapshot was completed Nov.
Source: TokenPost
