A post by @cz_binance on X.
Binance has allocated 100% of the funds, it's just 5% remaining to convert to some of the small coin…
@cz_binance on X
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Binance CEO Changpeng Zhao (CZ) said on X that the exchange has allocated 100% of the funds tied to a recent recovery initiative, with only about 5% remaining to be converted into smaller-cap coins, a process he said is taking time. The statement, made via his @cz_binance account, addresses concerns over whether Binance had fully deployed capital it had committed to supporting affected users and smaller tokens. The disclosure matters because incomplete conversions into illiquid small-cap assets can leave residual market impact and uncertainty around Binance's on-chain flows. Traders will watch for the final 5% of conversions to be completed and for any resulting price and liquidity effects in the smaller tokens involved.
Muhabbit's AI wrote this summary of @cz_binance's post in its own words. It can get details wrong, so read the post on X.
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Binance, CZ