Binance lifts hack-fund coverage to 90% ahead of withdrawal restart
Binance has raised coverage of stolen funds to 90%, up from about 80%, and says 10 major tokens are fully backed as it prepares to resume withdrawals on November 1.
Read articleBinance has raised coverage of stolen funds to 90%, up from about 80%, and says 10 major tokens are fully backed as it prepares to resume withdrawals on November 1.
Binance's recovery efforts may boost market confidence and stabilize liquidity, potentially influencing Bitcoin prices amid market volatility. The post Binance covers 90% of $6B hack losses, plans withdrawals Nov 1 appea...
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Market sentiment has shifted sharply as the Fear & Greed Index fell to 30 following a $6.3 billion incident at Binance. On-chain data suggests accumulation activity despite broader selling pressure.
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