🚨 BREAKING NEWS: 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.
Binance is buying altcoins in quantities matching those stolen in the hack as it prepares updated proof of reserves, co-CEO Yi Hesaid.
Binance’s SAFU fund and company holdings include substantial amounts of Bitcoin and Ether, Yi He said. The exchange would provide another update once the purchases were complete.
Attackers could have stolen Binance’s funds without Ethereum’s EIP-7702 upgrade, but it may have helped them bypass security checks, Blockaid CEO Ido Ben-Natantold Cointelegraph.
🔗 [Read the full article in the original](https://cointelegraph.com/news/live-updates-binance-63b-hack-linked-to-north-koreas-tradertraitor?utm_source=rss_feed\u0026utm_medium=rss\u0026utm_campaign=rss_partner_inbound)
📰 Source: 🪙 CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
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.
Binance is buying altcoins in quantities matching those stolen in the hack as it prepares updated proof of reserves, co-CEO Yi Hesaid.
Binance’s SAFU fund and company holdings include substantial amounts of Bitcoin and Ether, Yi He said. The exchange would provide another update once the purchases were complete.
Attackers could have stolen Binance’s funds without Ethereum’s EIP-7702 upgrade, but it may have helped them bypass security checks, Blockaid CEO Ido Ben-Natantold Cointelegraph.
🔗 [Read the full article in the original](https://cointelegraph.com/news/live-updates-binance-63b-hack-linked-to-north-koreas-tradertraitor?utm_source=rss_feed\u0026utm_medium=rss\u0026utm_campaign=rss_partner_inbound)
📰 Source: 🪙 CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
