Binance has revealed that approximately $6.3 billion in crypto assets were stolen in the October 29 attack. The company says it will cover users' losses through its SAFU fund and corporate treasury.
📌 Key figures:
$6.34B+: Funds allocated to cover user losses.
$5B: Existing holdings in the same types of assets that were stolen.
$3B: Funds reportedly frozen on-chain.
But there's a crucial distinction: the entire $3 billion in frozen funds has not been returned to Binance. The amount actually recovered remains unclear.
Meanwhile, the technical investigation is ongoing. Binance says there is no evidence that wallet private keys were leaked, but additional points of breach have been identified.
All eyes are now on the technical report, reserve verification, and the resumption of withdrawals.
#BinanceReports80%Recoveryof$6.3BillioninLossesfromHackIncident
📌 Key figures:
$6.34B+: Funds allocated to cover user losses.
$5B: Existing holdings in the same types of assets that were stolen.
$3B: Funds reportedly frozen on-chain.
But there's a crucial distinction: the entire $3 billion in frozen funds has not been returned to Binance. The amount actually recovered remains unclear.
Meanwhile, the technical investigation is ongoing. Binance says there is no evidence that wallet private keys were leaked, but additional points of breach have been identified.
All eyes are now on the technical report, reserve verification, and the resumption of withdrawals.
#BinanceReports80%Recoveryof$6.3BillioninLossesfromHackIncident