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 11:07 am UTC Binance is buying altcoins in quantities matching those stolen in the hack as it prepares updated proof of reserves, co-CEO Yi He said. The purchases are being made through over-the-counter deals and on exchanges, she said.
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