Binance just wrote a $6.34 billion IOU to itself, darling. To cover the $6.3B hot wallet drain, the exchange says it has set aside more than $6.34B of company money, with about $5B already held in the exact tokens taken and the rest being bought on public markets and OTC desks. Withdrawals stay paused for now, targeting a phased restart within about 34 hours of Friday's update, with a proof-of-reserves snapshot landing Monday. Meanwhile the hacker is peeling $1.4B of BTC into 19 wallets no one can freeze, darling. $BTC holds $77,500 through all of it. When those withdrawals flip back on, will it be a sigh of relief or a stampede?

#BinanceReports80%Recoveryof$6.3BillioninLossesfromHackIncident #HeYiSaysWithdrawalsExpectedtoResumeWithin42Hours

$BTC