TREE NEWS update: Binance said it still expects to restore withdrawals within 45 hours and that its SAFU fund will absorb all losses, the exchange announced. The statement gives a concrete recovery window for user funds and confirms the insurance fund will backstop the losses tied to the incident. Binance did not specify the size of the losses or which assets were affected.
Binance Says Withdrawals May Resume Within 45 Hours, SAFU to Cover All Losses
The significance here is less the 45-hour window than the explicit commitment that SAFU will absorb all losses—an insurance backstop invoked before the loss figure or affected assets are disclosed. That sequencing matters: users get a recovery timeline and a guarantee, but not the scale of what is being guaranteed. The credibility of that pledge, and whether the undisclosed loss size tests the fund's capacity, is the open question worth watching.
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