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Binance covers losses and resumes withdrawals after the biggest hack in market's history
12-hours after withdrawals resumed #Binance is not experiencing desperate rush by users to remove assets from the exchange — BTC Netflow is behaving normally. Withdrawals are being processed correctly, with no further security issues and today shows a net outflow totaling -16,021 BTC so far. Total amount #BTC withdrawn from the exchange currently accounts for about 2.43% of its total reserves. Binance covered all funds affected by loss repurchasing the respective assets in OTC and released a new official Proof of Reserves report guaranteeing parity — available on website.