Binance buying altcoins matching stolen assets to complete proof of reserves, He Yi says

Binance is buying all altcoins that fully match the stolen assets through both over-the-counter and on-exchange trades in order to complete its proof of reserves, according to Binance executive He Yi. He Yi said the Binance SAFU fund and assets held by Binance include large amounts of BTC, ETH and other tokens. She added that the exchange is now purchasing the full set of altcoins corresponding exactly to the stolen assets. Once the purchases are completed, Binance will provide another update, she said. No further details on the size of the purchases, the specific tokens involved, or the timeline for completion were disclosed in the brief update carried by Odaily.