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Cointelegraph· Cointelegraph by Helen Partz·· 21h ago

Binance Holds $5 B in Matching Tokens to Offset Hack Losses

Original source: CointelegraphRead original
AI brief

Binance announced that it has set aside $5 billion in matching tokens as a reserve to cover losses from recent hacking incidents. The exchange is using a matching‑token mechanism to protect user assets and maintain confidence in its platform. This reserve is intended to reimburse affected users and demonstrate Binance’s commitment to security and risk management.

Source: Cointelegraph · cointelegraph.com