🚀 DEXX Reports Progress on Recent Security Breach
#DEXX #SecurityBreach #Updates #Investigation #SlowMist #UserImpact #LawEnforcement #Hackers #Communication #FinancialImpact
According to Odaily, DEXX has released an update regarding the recent security breach affecting its platform. The team has initiated communication with law enforcement agencies across multiple regions to file a formal case. They are also expressing a willingness to engage in dialogue with the hackers responsible for the breach.
In addition, the SlowMist team has been brought in to conduct a thorough investigation. Their efforts are focused on assessing the total financial impact on users and tracing the movement of the stolen funds. DEXX is actively discussing potential solutions to address the losses suffered by its users.
Further developments will be communicated promptly through internal notifications and updates on platforms such as X and Telegram, ensuring that all stakeholders are kept informed of the situation as it evolves.#DEXX #SecurityBreach #Updates #Investigation #SlowMist #UserImpact #LawEnforcement #Hackers #Communication #FinancialImpact
🚀 Binance Updates Collateral Ratios for Portfolio Margin Assets
#Binance #CollateralRatios #PortfolioMargin #Cryptocurrency #Trading #IOTA #AXS #CAKE #MASK #CHZ #BAT #GTC #PORTAL #ZEC #MOVE #BSW #UserImpact #Liquidation #uniMMR #CryptoUpdates
According to Binance's official announcement, the cryptocurrency exchange will implement changes to the collateral ratios for several assets under its Portfolio Margin system starting from 2025-05-16 at 06:00 (UTC). The update is expected to be completed within approximately one hour.
**Collateral Ratio Adjustments**
- **CAKE**: Reduced from 80% to 75%
- **IOTA**: Reduced from 70% to 60%
- **AXS**: Reduced from 70% to 60%
- **MASK**: Reduced from 60% to 50%
- **CHZ**: Reduced from 65% to 50%
- **BAT**: Reduced from 65% to 50%
- **GTC**: Reduced from 50% to 40%
- **PORTAL**: Reduced from 50% to 35%
- **ZEC**: Reduced from 30% to 20%
- **MOVE**: Reduced from 20% to 10%
- **BSW**: Reduced from 20% to 10%
**Impact on Users**
The changes in collateral ratios will directly affect the Unified Maintenance Margin Ratio (uniMMR). Binance advises users to closely monitor their uniMMR to prevent potential liquidation or losses that could result from these adjustments. Users are encouraged to review their positions and make necessary adjustments to align with the new collateral requirements.
**Additional Information**
Binance emphasizes that there may be discrepancies between the original English announcement and any translated versions. Users are advised to refer to the original English version for the most accurate information. The announcement also provides links to further resources, including an introduction to Binance Portfolio Margin Mode, trading rules, and details on transfer-in limits, position limits, leverage, supported collateral, and rates.
Binance appreciates the continued support from its users and remains committed to providing updates and improvements to its services. The changes are part of Binance's ongoing efforts to optimize its platform and ensure a secure trading environment for its users.#Binance #CollateralRatios #PortfolioMargin #Cryptocurrency #Trading #IOTA #AXS #CAKE #MASK #CHZ #BAT #GTC #PORTAL #ZEC #MOVE #BSW #UserImpact #Liquidation #uniMMR #CryptoUpdates