Onchain Foundation: Suspending LSK Buyback Due to Binance Security Incident, Expected to Resume Next Week

On October 30 that the Onchain Foundation has temporarily suspended the LSK buyback program due to the Binance security incident, and expects to resume it next week once the situation becomes clearer. The foundation noted that Binance has confirmed it will bear all losses, so the incident is not expected to impact the LSK buyback program. The Onchain Foundation will issue a separate announcement once the buyback resumes.