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Yi He: Binance commits to take the financial loss from the hack, 80% ($5B) already replenished, Proof of Reserves snapshot starting tomorrow, phased withdrawal restore with phase 1 likely in 1-2 days
Latest statement wrapping up the first 24 hours since the Binance hack incident. 🙏💛 1. Company commits to take financial loss from the hacked funds, not users 2. 80% ($5B) already replenished; initial Proof of Reserve snapshot will start to run tomorrow. So users can verify the latest balances. 3. Withdrawal service will be in phases to restore depending on tokens and phase 1 will likely start in 1-2 days. 4. Root cause analysis of the investigation may have more substantive findings ready to share in 2 days. https://t.co/LirNJ0sOr8
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