Binance Hack Tests Its Pledge to Cover Customer Losses
PYMNTS | ·
Binance’s pledge to absorb an estimated $6.3 billion theft leaves the exchange responsible for replacing customers’ assets while investigators pursue a recovery whose timing and outcome remain uncertain. Following the hack, Binance said its emergency reserve, known as the Secure Asset Fund for Users (SAFU), and corporate funds would cover all losses, CoinDesk reported Friday […] The post Binance Hack Tests Its Pledge to Cover Customer Losses appeared first on PYMNTS.com .