Binance says it has set aside more than $6.34 billion in company funds to deal with this incident.
Keep in mind that the actual net loss may be no more than $3.5 billion, but Binance still chose to put up enough funds to cover it.
And the scariest part is that Binance came up with $6.34 billion of its own funds in less than 12 hours. That’s already more than the total user fund reserves of almost every other exchange except Coinbase, OKX, and Bybit...
$BNB
Keep in mind that the actual net loss may be no more than $3.5 billion, but Binance still chose to put up enough funds to cover it.
And the scariest part is that Binance came up with $6.34 billion of its own funds in less than 12 hours. That’s already more than the total user fund reserves of almost every other exchange except Coinbase, OKX, and Bybit...
$BNB