@straitstimes: Binance has set aside more than US$6.3 billion (S$8b) of company funds to cover all the losses from a hack of its platform, said Binance co-CEO Richard Teng. The world’s biggest cryptocurrency exchange worked on Oct 31 to shore up public confidence after facing a record US$6.3 billion hacking incident, which analysts blamed on North Korea and said could be the largest financial heist of all time. #Binance #crypto #cryptocurrency #hacking #viralnews #StraitsTimes
At one point he says "we are recovering stolen assets for users" then he says "we never use customer funds. So they are not impacted." [Snicker]
2026-10-31 05:07:52
13
Daniel N. :
FTX used to say the same thing though
2026-10-31 04:20:26
10
satoshinakamoto :
If I can't trust Binance, to whom the heck I can trust
2026-10-31 06:41:01
3
emmeo6o7 :
What if is Ownself hire Ownself to rob Ownself in order to pocket Ownself with being tied to Ownself?
2026-10-31 05:54:55
6
Carolyn's Journey :
If they can do this once, it will only get worse with AI.
2026-10-31 06:24:43
3
singaporeboleh :
binance doesnt even hire sgreans in its sg office besides this CEO. what a frigging joke
2026-10-31 05:03:08
0
Pet My Pom Head 🇸🇬 :
Can't spell Crypto without Cry 💯
2026-10-31 04:05:38
9
STNG936 :
Crypto is just a Gambling Den.... biggest scam in History.....neither Secure or unhackable as claimed....switched off Electricity and you get ZERO VALUE and only Hot Air back!!! 🤣😂
2026-10-31 04:13:52
17
Sidelined :
Hope my 20$ is safe ?
2026-10-31 06:49:42
0
Hendri :
The last time FTX CEO said the same thing
2026-10-31 04:14:21
7
huntdog :
damage control
2026-10-31 07:13:19
0
The MOUTH :
I've seen this many times. There is a shortfall. That's why no withdrawals.Nature of the beast.
2026-10-31 06:44:20
0
Toby 🇦🇺 :
Crypto is a ponzi scheme
2026-10-31 06:23:20
6
AOG :
why teary eyes?
2026-10-31 03:44:03
4
🕷️ :
Bro you have no excuses
2026-10-31 06:26:39
1
SJW0089 :
maybe they only use a 486 PC running on Win 3.1
2026-10-31 06:44:28
1
helloworldwueyeiei :
WFH ah ceo
2026-10-31 04:21:40
4
Cafe Munchies :
He is reading the document very well
2026-10-31 04:55:20
4
Jonathan T. :
It’s game over for crypto , given how ai hacking has been growing the last place you want money in is crypto and actually not even your own banks.. gg time to barter trade , buy caifan with Pokemon card 😂
2026-10-31 04:26:05
4
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