Binance is acting with its own capital and at real speed.

While the market is still digesting the incident, the exchange has already committed more than $ 6,34 billion in its own funds to cover users’ losses, even before gaining access to the $ 3 billion already frozen.

Of that amount, $ 5 billion is already in the exact tokens that were affected. The rest is being acquired through the market and OTC to cover any shortfall. These amounts do not include the frozen assets, which are still being recovered and verified.

This is the kind of action a major corporation needs to take: ensuring that customers’ balances are protected and available using the company’s own funds, without relying solely on the recovery of the affected funds.

At the same time, Binance continues to work with law enforcement, issuers, blockchain intelligence companies, and industry partners to track, freeze, and recover as much as possible. The support of these partners has already resulted in $ 3 billion being frozen—a significant amount that underscores the ecosystem’s collective ability to respond.

Ultimately, all user funds will be publicly verified through Proof of Reserves. Full transparency, company funds up front, and recovery underway.

That’s how you truly protect users. We’ll weather this storm.

Stay strong!