He Yi: Binance is purchasing altcoins through OTC and on-exchange buys that fully match the stolen assets

Odaily reports: According to Binance CEO He Yi, Binance is buying altcoins through OTC and on-exchange trading in amounts that fully match the stolen assets in order to complete its Proof of Reserves (PoR). Updates will be shared once the purchases are completed.

The previously disclosed stolen assets include 233.46 million XRP (approximately $296 million), 970,500 SOL (approximately $96 million), and 46.4 million TRX (approximately $16 million).

Meanwhile, the hacker has sold off 7 tokens including UNI, ENA, PEPE, LINK, AAVE, ONDO, and WLD, converting them into 70,480 ETH, with total proceeds of approximately $158.25 million. Among these, the sell-off amounts for UNI, ENA, PEPE, and LINK were approximately $39.63 million, $33.93 million, $31.66 million, and $26.05 million, respectively.