Binance Says It Has Fully Reimbursed Users Affected by $6.3 Billion Hack
JH Kim
Summary
- Binance said it has fully reimbursed user assets affected by a $6.3 billion hack.
- It announced through Cointelegraph that it had completed compensation for users whose assets were affected by the hack.
- Binance said it plans to support 1:1 asset verification through a new Proof of Reserves report and zero-knowledge proof (ZK) technology.
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Binance, the global cryptocurrency exchange, said it has fully reimbursed all user assets affected by a $6.3 billion hack.
Cointelegraph reported on Nov. 12 that Binance had completed compensation for all users impacted by the hack.
Binance also said it plans to release an updated Proof of Reserves report so users can directly verify the status of their holdings.
The exchange said it will also use zero-knowledge proof, or ZK, technology to help users confirm that customer assets on the platform are backed on a 1:1 basis.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.