Binance reserves $6.34B after hack, targets phased withdrawals

Binance said it has set aside more than $6.34 billion to cover a $6.3 billion security breach and plans to begin restoring withdrawals in roughly 34 hours, pending security checks. The disclosure came in the exchange's second recovery update, dated Oct. 30. A breach of this size at the largest exchange is a major confidence test for crypto markets, and traders will watch whether withdrawals resume smoothly and whether BNB and broader sentiment absorb the shock.