He Yi: Binance is buying stolen altcoins to complete proof-of-reserve.

Binance CEO He Yi stated that Binance is completing its proof-of-reserve process by purchasing altcoins matching the stolen assets through OTC and exchange-traded transactions. This involves 233.46 million XRP (US$233.46 million), 970,500 SOL (US$96 million), and 46.4 million TRX (US$16 million). The hackers dumped UNI, ENA, PEPE, LINK, AAVE, ONDO, and WLD for 70,480 ETH, totaling US$158.25 million. UNI, ENA, PEPE, and LINK were dumped for US$39.63 million, US$33.93 million, US$31.66 million, and US$26.05 million respectively.