Our commitment remains unchanged: Binance will bear the financial impact of the stolen funds. These losses will not be passed on to users.
Binance said on 1 November that it will bear the financial impact of the stolen funds and that the losses will not be passed on to users.
This line is our short summary of the quote below. The quote is the evidence.
Other claims from the same source
Binance stated that it had already covered approximately 90% of the impacted amount, up from approximately 80% in the prior update.
As shared in our previous update, Binance had already covered approximately 90% of the impacted amount, up from approximately 80% in the prior update.
Reviewer note: Automatic: exact quote from an official page, published as 'official' without human review. Official means only that the party said it. Pull it with review.py revoke ID --note ...
Binance stated that it will absorb the financial impact of the stolen funds rather than passing the losses to users.
Binance will absorb the financial impact of the stolen funds, not our users.
Reviewer note: Automatic: exact quote from an official page, published as 'official' without human review. Official means only that the party said it. Pull it with review.py revoke ID --note ...
Binance said in Recovery Update #4 that deposit services remain open and are not affected by the incident.
Deposit services remain open and are not affected by the incident.
Binance said in Recovery Update #4 that it will publish a post-incident report with further details once the investigation is complete.
Once the investigation is complete, we will publish a post-incident report with further details on the incident.
Binance said in Recovery Update #4 that it had now covered approximately 95% of the impacted amount, up from 90% in the prior update, with the outstanding 5% in less liquid tokens outside the top ten.
Binance has now covered approximately 95% of the impacted amount, up from 90% in our prior update. The outstanding 5% are tokens outside the top ten listed above, and are less liquid in the market and take longer time to source at the required scale.