binance's safety net is smaller than the hole
spillthesats ·
binance says users won't eat the $6.3b hack. the fund with 'users' in the name is being topped back up to about $1b, with corporate money and a futures insurance pot covering the rest.
so the line is 'we covered it', and the safety net is a $1b fund getting refilled. very comforting.
so the line is 'we covered it', and the safety net is a $1b fund getting refilled. very comforting.