- Binance CEO says the stolen 7000 BTC now recovered
- As Bitcoin moves close to $7,000 gap
Binance CEO has replied to question asked by CNBC analyst Ran NeuNer over the state of the stolen 7,000 BTC by cryptocurrency hackers. In what may appear as if Binance Exchange has retrieved the stolen $41 million from the hackers, the CEO of the exchange replied NeuNer that he has gotten the fund.
“We got it,” says the Chinese-Canadian business man, Changpeng Zhao.
NeuNer, who said it could be messy if Binance has not covered the stolen fund, got a surprising reply from CZ.
He said: “Dude… don’t know how to reply without sounding arrogant. we got it. Will just leave it at that.
Replying further, CZ brought a post analysing that despite the 2018 bear market, Binance generated around $446 million in profits as against the projected $500 million.
This is no doubt that Binance’s revenue will cover the stolen fund especially now that the crypto market has started a bull run, the exchange will gain an equivalence of the hacked fund in no time.
Meanwhile, Binance is working day and night with dozens of crypto security experts to make sure this kind of hack does not repeat itself. McAfee and some other experts have pledged to support the exchange in fighting the hackers behind the stolen 7000 BTC.
Bitcoin (BTC) Closes $7,000 Gap.
There is more attention on Bitcoin than before. All eyes are now on the cryptocurrency market at large. The Bitfinex alleged scandal first created a panic before the Binance Hack added more afflictions.
While crypto investors were left in panic, Bitcoin remains undaunted, initially moved speedily to cross the $5,000 level, and later, it crossed $6,200, $6,300, $6,500 and $6,700 within 34 hours.
At the time of writing, Bitcoin is trading at $6,921.39 USD with 8.49% gain in the last 24hrs. BTC dominance stays at 58.2%, a sign it is actually prepared for a bull run even ahead of altcoins.
Altcoins Go Ballistic with Bitcoin (BTC)
Altcoins have now been carried along. Unlike yesterday when they were almost in red, today marks a revolution for them. Ethereum for example has seen a price surge of $190.82, with a gain of 9.63%. The same thing holds for Ripple’s XRP, the digital asset is trading around $0.3217 with an added value of of 6.9% against USD.
All digital asset in the top 60 are in green save for Aurora and stablecoins like Paxos Standard, TrueUSD and USD Coin. In spite of bade news like the proposed ban by US congressman, Bitcoin is still souring higher.