Michael Saylor Expects Binance to Fully Reimburse Customer Losses
Summary
- Michael Saylor said Binance is expected to fully reimburse customer losses.
- He said Binance had pledged to use its balance sheet to cover customers' losses.
- Saylor added that the episode would serve as a lesson for the broader cryptocurrency industry.
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Michael Saylor, chairman of Strategy, said he expects Binance to fully reimburse customer losses.
Cointelegraph reported on October 30 that Saylor pointed to Binance's pledge to use its balance sheet to cover the losses.
He said he expects the exchange to compensate customers for their losses in line with that commitment.
Saylor added that the episode would serve as a lesson for the broader cryptocurrency industry.
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