Binance Reserves $6.34B in Company Funds for Hack Losses, $5B in Affected Tokens

Binance has reserved over $6.34 billion in company funds to cover hack losses, including $5 billion held in the affected tokens. It is buying the remaining tokens through market and OTC channels, which may take longer due to limited liquidity. The reserves are separate from about $3 billion in frozen assets. Binance will publicly verify user assets through Proof of Reserves.