News · Cryptocurrency & Blockchain
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.
This is a short summary of a report by a third-party publisher. Newsline Press did not produce the original reporting.
Read the full story at CointelegraphOriginal publisher: Cointelegraph
This content is for information only and is not investment advice. See our disclaimers.
Spotted an error? Request a correction · Corrections Policy
Related stories
How the record-breaking $6.3 billion heist in crypto history unfolded
Hackers stole $6.3 billion in cryptocurrency from Binance in a record-breaking heist, prompting issuers to freeze roughly half of the stolen assets. The breach, which US analysts suspect was done by North Korean hackers, has shaken confidence in the crypto market.
France 24 ·
Will gold’s ‘infinite mint bug’ make Bitcoin more valuable?
A US fusion startup says it has turned mercury into gold. Could a potential increase in the gold supply strengthen Bitcoin’s claim to be a better form of digital gold?
Cointelegraph ·
Binance working with FBI to recover assets following $6.3B hack
Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.
Cointelegraph ·
Blockchain intelligence firms link North Korea to $6.3B hack on Binance
The world's biggest cryptocurrency exchange reported Thursday that approximately $6.3 billion was impacted in an apparent hack.
NPR ·
Binance says $6.3bn stolen in biggest crypto heist in history: What we know
The world’s largest crypto exchange halts withdrawals as the theft is linked to North Korean hackers.
Al Jazeera ·
Binance arranges $6.34 billion to cover losses from record crypto hack
Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.
CoinDesk ·