Live updates: Binance says $6.34B set aside to cover hack losses

Live updates: Binance says $6.34B set aside to cover hack losses

Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.

Oct. 30 at 12:41 pm UTC

A Binance spokesperson told Cointelegraph that the $5 billion in matching tokens is held in the exchange’s custody.

The spokesperson declined to disclose wallet addresses, citing security reasons. Binance did not disclose when it acquired the assets.

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