Binance is likely to cover hack losses as it is well-funded, Davinci Jeremie notes

Binance is likely to cover hack losses as it is well-funded, Davinci Jeremie notes
Binance expected to cover hack losses

Davinci Jeremie, a crypto influencer, expressed confidence that Binance will cover losses resulting from a recent hack, describing the exchange as well-funded. He also advised people to keep their bitcoin off exchanges when possible, suggesting that only amounts which would not be difficult to lose should be deposited. Davinci Jeremie added a personal note about keeping his own bitcoin inaccessible after a claimed boating accident.

Jeremie previously described how his home was filled with mining rigs in 2011 as he recognized the challenges of early crypto investment, according to one account. He has also made clear his position on self-custody by stating he would no longer hold bitcoin for others, emphasizing personal responsibility in a separate statement. These earlier comments outline his consistent focus on security and individual control of assets.

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