Munawar (@Munawar____) header
Munawar (@Munawar____) profile picture
Mangalore, India
Joined February 2020
Photo by Munawar (@Munawar____)Photo by Munawar (@Munawar____)Photo by Munawar (@Munawar____)Photo by Munawar (@Munawar____)
World’s biggest crypto exchange just got hit Everyone is panicking right now, even @elonmusk reacted Should you worry? Here are the actual numbers 👇 • $5.8B outflows reported from hot wallets • But @binance holds ~$165B in total reserves • That means this is still under 3.5% of what they actually hold • @Tether already froze $1.567B+ USDT • @circle froze $823M USDC • So a big chunk is already locked and can’t be moved • SAFU fund (their insurance) has ~15,000 BTC worth over $1B • Plus they can cover from their own reserves and balance sheet • @cz_binance already said: “User funds are safe • And later: “Loss might be a bit higher… but will cover” • @binance official statement: “User funds are completely safe” • Withdrawals temporarily paused only for security checks • App and trading still working normally People are panicking and comparing this to FTX, looking like paid campaigns. This is not @FTX_Official FTX had zero real reserves, fake books, and was completely insolvent. Binance has $165B reserves, monthly Proof of Reserves above 100%, and a real SAFU fund ready to use Don’t let the fear and FUD control you Funds are safe I’m going to sleep. Don’t worry guys. #Binance
🚨 Binance hack: $3B drained from hot wallets! Binance says user funds are completely safe while they investigate. @cz_binance confirmed it looks like a hack and expects full coverage. Tether + Circle froze $1.8B within the hour. SAFU exists for exactly this!
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If you choose to remain SILENT in situations of INJUSTICE & OPPRESSION, you have indeed supported the oppressor. Be JUST. Be BRAVE. Take a STAND. India Supports #Palestine & it’s RIGHT to FREEDOM. #IndiaStandsWithPalestine
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They are really worst they want to complete us 'records' , 'assignments' and taking internals. They want to complete the whole syllabus and internals by the end of this month. This cmg two weeks are really gng to get worse for us. #VTU #promotethedegreestudents @takeiteasyengi3
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