Live updates: Binance says $6.34B set aside to cover hack losses

Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.

Oct. 30 at 10:55 UTC

Binance has set aside more than $6.34 billion in company funds to cover losses from the hack, the exchange said Friday.

The company said $5 billion of those funds were already held in the same tokens affected by the attack. It was purchasing the remaining assets through market and over-the-counter transactions to address token shortfalls.

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