Binance Reserves $6.34B to Cover Hack Losses With $5B in Matching Tokens
Binance cofounder Yi He said the exchange will cover all hacking losses. Binance has reserved $6.34 billion in company funds, including $5 billion in matching token assets, with the remainder being bought via OTC and market purchases. The exchange is working with the FBI and Secret Service to trace $3.3 billion in unrecovered funds.