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Article missed that Binance wad recently hacked for around 7000 BTC, and likely has to be covering which would drive up prices.
by optimiz3 7y ago
Article missed that Binance wad recently hacked for around 7000 BTC, and likely has to be covering which would drive up prices.
- bigDICK 7y agoCovering what? * Deposits and withdrawals from Binance have been suspended for a week while they research the hack and presumably implement changes for withdrawals. * The hack was covered by the SAFU (Secure Asset Fund for Users) fund that Binance setup.
- mthoms 7y agoIt's my understanding that the contingency fund was held in a cold wallet consisting entirely of BTC. If true, then that couldn't be the reason for the surge (but who knows).