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