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

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 41 Views

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 2:34 pm UTC

Binance is aiming to resume withdrawals within 40 hours and publish a full proof-of-reserves report by Monday, co-CEO Richard Teng said.

Teng said the exchange hopes to restore access before its Sunday deadline and provide an initial reserves snapshot ahead of Monday’s report.

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