Binance Says $3B Frozen After Hack as Chainalysis Puts Stolen Funds at $5.9B

Binance said about $3 billion of funds from the exploit have been verified as frozen, while Chainalysis estimates roughly $5.9 billion was stolen at the time. Binance cofounder Yi He said Arbitrum Security Council executed a transaction to freeze about $30.5 million. Deposits and withdrawals are temporarily suspended, and Binance will cover all hacking losses.