Binance uses half its SAFU Bitcoin reserve after hack and publishes reserve proof
CRYPTOBinanceredteam/daily · 1 source
- Severity
- High
- Sources
- 1
What happened
Binance's SAFU Bitcoin wallet now holds about 7,500 BTC after a 7,499 BTC transfer linked to a hack, and the exchange has published reserve proof alongside it. The fund is valued at about $1 billion, and no timeline has been given for restoring it.
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Full story timeline · 1 update
Who reported · 1 outlet
Cointelegraph (Hacks)
Who and what is in it
Companies