Binance Hack Recovery: CZ Says 95% of $3.3B Losses Covered
Photo: Coinpedia
The remaining 5% involves less liquid tokens that take longer to source and convert. CZ says Binance used its balance sheet without borrowing, selling assets, or raising funds. Binance has reportedly covered 95% of the losses linked to its $3.3 billion hack, with withdrawals among the top 10 assets restored. The remaining 5% involves less liquid tokens, making the final sourcing and conversion process slower. CZ said Binance has already allocated 100% of the required funds. In other words, the outstanding issue isn’t an alleged funding shortfall. It’s converting the remaining allocation into smaller, less liquid assets. That distinction matters.
Also reported by TheStreet Crypto.
Source: Coinpedia
