EP 52
Binance Replenishes Stolen Assets Amid Broader Market Rebound
In this episode
Binance announced it has replenished 98% of stolen assets following its recent security incident and issued a new Proof of Reserves snapshot expanding coverage from 10 to 44 tokens. The broader crypto market rallied alongside the news, with BTC rebounding past $80,900 and BNB climbing 3.27% to $723.31.
- Binance replenished 98% of stolen assets in Recovery Update #7 and took an expanded Proof of Reserves snapshot covering 44 tokens.
- Yi He posted that generating the full zero-knowledge proof for the 44-token snapshot will take 50 to 60 hours, after which users can verify 1:1 backing.
- CZ posted that 'Bitcoin is resilient' as BTC gained 4.01% to reach $80,905.92.
- BNB rose 3.27% over 24 hours to trade at $723.31 with $133.01M in trading volume.
- BSC total value locked increased 2.43% in 24 hours to reach $5.30B.
- GangLaunchpad 3.0 went live on gang.fun, featuring curve trading, fair launch, mint flywheels, and a 70% creator cut of curve fees.
- Flap published documentation for its upcoming Pool Launch mechanism, enabling direct DEX pool launches with customizable liquidity and distribution vaults.
- On-chain Binance Wallet trading saw Flap-migrated token UMPLAN surge 2048.94% with a market cap of $4.07M and $833,326 in 24-hour volume.