HYPERLIQUIDnews 10.0/10meme 6.0/10R-0149
binance says it will absorb the hack loss and deploy its SAFU fund within 24 hours
binance said through posts relayed by @DeItaone that it will absorb the financial impact of the stolen funds, not its users. it expects a partial deployment of SAFU, its secure asset fund for users, over the next 24 hours. it also says BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are fully backed 100%.
HOW TO CHECK IT YOURSELF
- read the original posts from @DeItaone and binance's own channels on X
- check binance's proof of reserves page for the backing of each asset
- watch the SAFU wallet on a block explorer for outgoing movements
WHAT IT MEANS FOR YOU
if the SAFU deployment happens as stated, users take no direct loss, but the cost lands on binance. wait for the actual onchain deployment before treating it as done, and as always, this is not financial advice.
if the SAFU deployment happens as stated, users take no direct loss, but the cost lands on binance. wait for the actual onchain deployment before treating it as done, and as always, this is not financial advice.
receipt R-0149 · x: https://x.com/DeItaone/status/2116540573742170236 https://x.com/DeItaone/status/2116540662724055047 https://x.com/DeItaone/status/2116540472860536989 · 31 oct 14:51 utc · by data butcher