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Binance’s SAFU fund down to about 7,500 BTC after covering hack losses

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Binance's SAFU emergency fund now holds about 7,500 BTC, roughly half of the 15,000 BTC it held after converting from stablecoins in February, after four withdrawals on Oct. 31 to help cover the $6.3 billion theft. At around $77,000 per coin, the remainder is worth about $580 million. Binance says it will rebuild the fund to about $1 billion but has given no timetable. Source: Bloomingbit, citing CoinDesk

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Liquid Network says LBTC is fully backed again two months after $320 million exploit

The Liquid Federation said on Tuesday that its bitcoin reserves again cover all LBTC one-to-one, closing a gap left by a Sept. 6 exploit that drained about 4,000 BTC. The attacker returned roughly 3,400 BTC a day later; the last 550 BTC arrived in two deposits on Monday, which a Federation board member attributed to Blockstream. The Federation says governance and security changes will follow in the coming weeks. Source: The Block

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