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Wu Blockchain: Binance has reserved over $6.34 billion in company funds to cover hacker attack losses, with $5 billion of that amount designated for affected tokens.
Wu Blockchain reports that Binance has stated it has reserved over $6.34 billion in company funds to cover losses from hacker attacks, with $5 billion already held in affected tokens. Binance is purchasing the remaining tokens through market and OTC channels, but due to limited liquidity, this process may take longer. This reserved fund is separate from approximately $3 billion in frozen assets, and Binance will publicly verify user assets through proof of reserves.
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