Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
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Binance says it holds $5B in matching tokens to cover hack losses
The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.
Binance working with FBI to recover assets following $6.3B hack
Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.
TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
Both firms blame the group behind the Bybit hack, as Binance says it has set aside $6.34 billion of its own funds to cover user losses.
Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million
Binance says it has set aside $6.34 billion to cover losses from the breach and the FBI and Secret Service are now working with the exchange as investigators trace the stolen funds.
Binance hack may involve private key ‘misuse,’ not theft: Blockaid CEO
Blockaid’s Ido Ben-Natan suspects attackers manipulated Binance’s transaction-signing infrastructure, drawing parallels with the Bybit hack.
Recap: How Binance’s record $6.3B hack unfolded
A recap of Cointelegraph’s live coverage of the Binance hack, including early breach reports and the exchange’s full reimbursement pledge.