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Binance Says Low-Liquidity Tokens Are Delaying Replacement of Stolen Assets
(3 hours ago) · 1 source · Summarized by CryptoBipto
Binance has stated that thinly traded tokens are causing delays in its efforts to fully replace assets stolen in a previous security incident. The exchange says the low trading volume of certain tokens makes it difficult to acquire replacement amounts without significantly moving the market.
WHY IT MATTERS
When a crypto exchange gets hacked and assets are stolen, the exchange typically tries to replace what was lost so that users get their funds back.
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SOURCES
- cryptoslate.com
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