Justin San announced that he was ready to enter the equivalent of 7000 BTC in Tether (USDT) to compensate for the loss of Bitcoins after the recent hacking Binance.
Binance met unexpected support after the recent hacking on the part of Justin Sana, co-founder of TRON, who said that he was ready to make up for the lost amount to buy BNB, BTC, BTT and TRX to boost liquidity.
To support @binance , I will personally deposit 7000 BTC worth USDT (40 million USDT) into @binance to buy $BNB $BTC , $TRX & $BTT if @cz_binance agrees. No need to #FUD! Funds are #SAFU!
— Justin Sun (@justinsuntron) May 8, 2019
As you know, after break-in that occurred late Tuesday night, Binance lost 7 074 BTC. The exchange has promised to cover all of the stolen funds through their insurance program SAFU.
Such a noble gesture Justin Sana have not found positive support in cryptosuite and many noted that it is not likely that he will be able to contribute as Binance closed the deposits for a week while an internal investigation is conducted. A certain amount of skepticism associated with the fact that San was offered as compensation scriptactive the USDT, which have been compromised in recent weeks to court proceedings.
The San also mentioned that it is directly to buy TRX have Binance to increase the value of the asset. After the news, TRX is really a bit increased to $0,024, but still under pressure due to the General downturn in the markets.
Binance refuses to help due to difficulties with USDT
It is not known whether USDT offered by the San, the original asset is created on the blockchain Omni, or is it the recently released USDT on the basis of the TRON.
In addition, Binance had a strained relationship with USDT in recent months. The exchange kept a large sum in USDT (800 million coins) in a cold wallet. Last week they were distributed in several locations. Now the most famous purse Binance with Tether (USDT) holds only 10% of the previous amount.
It should also be noted that after cracking Binance, Omni Explorer showing the transaction USDT, had significant congestion and 6:30 UTC Wednesday for a while stopped to work. A short time wallet Binance showed a series of “invalid” transactions, each of which approached $1 million unknown At this time affected whether hacking Binance funds in USDT.
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Tags: Binance BNB BTC BTT Omni Explorer SAFU Tether TRX TRXBTT USDT Binns Bitcoin