Binance hack drained wallets backing customer assets, reserve data shows
Summary
Data from Binance indicates that the digital wallets compromised in the recent hack were intended to support customer funds. Following the security breach, the exchange faces a shortfall in its ether reserves that will persist until the missing assets are fully replaced.
Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the exchange replaces what was stolen.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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