Binance says the money is back and the books are opening, yet its biggest proof is still unverifiable and a second security scare just hit. Before BNB holders trust the recovery, they should see what the exchange still refuses to…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Binance has announced that it recovered about 98% of the funds lost in the estimated $6.3 billion hack in October, according to Immunefi. The exchange has also increased its proof of reserves from 10 tokens to 44. A proof of reserves indicates that an exchange’s wallets hold at least what it owes to customers. We’ve covered how the attack unfolded separately.
Source link
