Zhao says Binance losses may top $1B, exchange will cover them in full
- —Zhao: Binance losses may be slightly above $1 billion
- —Exchange says it will cover the losses in full
- —0xngmi put the loss at $1 billion, 0.69% of $144 billion in assets
- —Estimate followed the freezing of USDT and USDC
Why it matters: The loss estimate confirms the scale of the largest hack and reduces uncertainty for Binance customers.
Source: ChainCatcher 链捕手