Binance sets aside over $6.34 billion to cover losses from attack

Binance sets aside over $6.34 billion to cover losses from attack

​Binance said ​on ‌Friday it ​has reserved more than $6.34 ‌billion in company funds, including $5 billion already held in ‌impacted token assets, ‌to deal with the fallout of an attack in ⁠which ​hackers ⁠stole $6.3 billion from the crypto ⁠platform.

All user funds will ​be verified publicly through ⁠its proof of reserves, and $3 ⁠billion ​in assets has been frozen ⁠with help from industry partners, ⁠Binance ⁠said.

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