Binance says it holds $5B in matching tokens to cover hack losses
The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.
Read Full Article on CoinTelegraphSummary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security

Kim Jong Un and North Korea Memes Flood X After Binance’s $6.3B Hack
Crypto Twitter on the social media platform now called X has found its latest villain-turned-comedian in Kim Jong Un. Following the colossal Binance breach, images of the North Korean dictator celebrating an imaginary payday have spread across nearly…

Chainalysis breach exposed customer names, emails and company roles
The company urges vigilance for unexpected authentication prompts as it determines which customer records were accessed. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Binance says 90% of stolen assets replenished, targets Sunday withdrawals
Less-liquid tokens make up the remaining shortfall as Binance continues buying replacement assets through market and over-the-counter trades.