Michael Saylor, the Executive Chairman of Strategy at MicroStrategy and a prominent Bitcoin advocate, posted on X that Binance has committed its own balance sheet to making customers whole after a recent security incident. He said he expects Binance to follow through and believes the episode will teach the industry to strengthen security practices. Saylor’s comment matters because his reputation lends weight to calls for greater accountability and risk management among crypto exchanges, and it highlights Binance’s willingness to use its financial resources to protect users.

“Binance has committed its own balance sheet to making customers whole. I expect it to deliver. Our industry will learn from this incident, strengthen security, and emerge stronger and more resilient.”

— Michael Saylor (@saylor) on X · X ↗

Michael Saylor is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.