Yi He says Binance is buying matching altcoins after record hack
Briefing by News4U · First published
Today Binance co-CEO Yi He said that Binance is buying altcoins in quantities matching those stolen in the hack as it prepares updated proof of reserves, with purchases through over-the-counter deals and on exchanges, and that Binance’s SAFU fund and company holdings include substantial amounts of Bitcoin and Ether; Cointelegraph reported she said the exchange would provide another update once the purchases were complete. [1]
Sources
- Live updates: Binance says $6.34B set aside to cover hack losses
Cointelegraph · · Full text