Binance will support refund applications for secondary market participants of XIRTAM and terminate refund applications for primary market participants

ChainCatcher news, according to the official announcement, as of September 6, 2023, Binance has initiated asset recovery procedures for over 1,750 affected addresses to help users recover assets involved in the incident. To protect the interests of all affected users, Binance will suspend the asset recovery process for all primary market participants on February 29, 2024, and will initiate the asset recovery process for all secondary market participants on March 10, 2024.

Among all users who participated in the official public or private XIRTAM token sales, approximately 150 affected users have not yet submitted their refund requests for their respective assets. Users who have not submitted their requests must do so by February 29.

In the asset recovery process for secondary market participants, Binance will use the remaining ETH assets to facilitate the asset recovery process for secondary market participants. The refund calculations for affected secondary market participants will be automatically completed by Binance, and users will not need to provide any additional information or details.