Binance CEO He Yi said the exchange’s SAFU fund and Binance-held assets include large holdings of BTC, ETH and other tokens. She said Binance is now buying all stolen altcoins through over-the-counter trades and on-exchange purchases to fully match the affected assets as part of its proof-of-reserves, or POR, process. He Yi added that Binance will share another update after the purchases are completed. The statement was reported by ChainCatcher. No figures, timeline beyond the ongoing purchases, or token-by-token breakdown were disclosed in the source text.
According to ChainCatcher, Binance CEO He Yi said Binance’s SAFU fund and the assets held by the exchange include large amounts of BTC, ETH and other assets.
He Yi said Binance is currently buying all of the stolen altcoins through over-the-counter transactions and on-exchange purchases to fully match the affected assets and complete its proof-of-reserves, or POR. She added that Binance will provide another update after the purchases are finished.
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