Binance Has Reserved Over $6.34 Billion In Company Funds To Cover Incident, $5 Billion Already Held In Impacted Token Assets

Reuters

Binance Has Reserved Over $6.34 Billion In Company Funds To Cover Incident, $5 Billion Already Held In Impacted Token Assets

BINANCE: HAS BEGUN RECOVERING AFFECTED ASSETS FOR USERS AND CONTINUES TO WORK WITH LAW ENFORCEMENTBINANCE: HAS RESERVED OVER $6.34 BILLION IN COMPANY FUNDS TO COVER INCIDENT, $5 BILLION ALREADY HELD IN IMPACTED TOKEN ASSETSBINANCE: THESE FIGURES DO NOT INCLUDE FROZEN OR PROTECTED ASSETS, WHICH REMAIN SUBJECT TO ONGOING RECOVERY AND VERIFICATIONBINANCE: $3 BILLION IN ASSETS FROZEN WITH HELP FROM INDUSTRY PARTNERS, WORKING WITH LAW ENFORCEMENT TO RECOVER FROZEN ASSETSBINANCE: ALL USER FUNDS WILL BE VERIFIED PUBLICLY THROUGH OUR PROOF OF RESERVES