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Binance Claims Hack Losses Are Covered, Has Not Yet Published Reserve Proof
(4 hours ago) · 1 source · Summarized by CryptoBipto
Binance has stated that assets lost in a hack are fully covered by the exchange. However, the company has not yet released a proof-of-reserves report to independently verify that claim.
WHY IT MATTERS
When you keep money at a bank, deposit insurance guarantees your funds up to a certain amount.
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SOURCES
- thedefiant.io
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Exchange SecurityProof of ReservesBinanceHacksCustomer Funds
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