#poloniexhacker
poloniexhacker
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They just announced a $100 Million User Protection Fund — a dedicated reserve to cover user assets in case of hacks, extreme market events, or system failures.
This comes after their $114M hot wallet breach in 2023. The fund acts as an extra layer on top of their Proof of Reserves (which has been 100%+ for 20+ months).
Still waiting on clear rules for activation & payout caps — but a segregated, public fund is a solid step for exchange accountability.
🔐 Trust, but verify.
#CryptoNews #bitcoin #Ethereum #Poloniexhacker #CryptoExchange
This comes after their $114M hot wallet breach in 2023. The fund acts as an extra layer on top of their Proof of Reserves (which has been 100%+ for 20+ months).
Still waiting on clear rules for activation & payout caps — but a segregated, public fund is a solid step for exchange accountability.
🔐 Trust, but verify.
#CryptoNews #bitcoin #Ethereum #Poloniexhacker #CryptoExchange
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