Binance uses half its SAFU Bitcoin reserve after hack and publishes reserve proof
CRYPTOBinanceredteam/daily · 1 source
- Severity
- High
- Sources
- 1
What happened
Binance, a large cryptocurrency exchange, has moved about 7,499 Bitcoin out of its SAFU emergency fund, following a hack. About 7,500 Bitcoin remains in the fund's wallet. Binance has not said when the roughly $1 billion fund will be restored.
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Full story timeline · 1 update
Who reported · 1 outlet
Cointelegraph (Hacks)
Who and what is in it
Companies