Binance says $5B in matching tokens covers hack losses, reserves report next
AI summary
Binance said it holds $5 billion in matching tokens to cover losses from a hack, and that it has set aside more than $6.34 billion for losses overall. The assets will be included in its next proof-of-reserves report. Traders will watch the reserve disclosure for confirmation that the exchange can absorb the hit without a liquidity or confidence shock.
Narrative history
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41M AGOCointelegraph · Score 85 · via $6.3B hack, $6.3B
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1H AGOYou’re reading thisBinance says $5B in matching tokens covers hack losses, reserves report nextCointelegraph · Score 55
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1H AGOBitcoin.com News · Score 85 · via aside, aside $6.34B
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1H AGOcrypto.news · Score 85 · via $6.3B hack, hack
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2H AGOCoinDesk · Score 25 · via Binance hack, hack
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2H AGOCrypto Briefing · Score 75 · via aside, aside $6.3B
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2H AGOCryptoSlate · Score 78 · via Binance finds, additional
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2H AGOCoinDesk · Score 85 · via Binance hack, hack
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2H AGOThe Defiant · Score 55 · via hack losses, $5B
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3H AGOcrypto.news · Score 78 · via cover losses, $6.3B
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3H AGOCointelegraph · Score 55 · via $6.3B hack, $6.3B
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4H AGOUnchained · Score 82 · via North Korea, TRM
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4H AGODecrypt · Score 85 · via $6.3B Hack, $6.3B
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7H AGOcrypto.news · Score 92 · via Binance hack, $6.3B
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8H AGOCointelegraph · Score 72 · via North Korea, North
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8H AGOCryptoSlate · Score 85 · via TRM, TRM Labs
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8H AGOU.Today · Score 85 · via Withdrawals, $6.3B Hack
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9H AGOThe Defiant · Score 82 · via withdrawals stay, withdrawals
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9H AGOThe Defiant · Score 85 · via Binance hack, hack
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9H AGOThe Defiant · Score 72 · via $6.3B, pledges cover
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9H AGOCoinDesk · Score 88 · via Binance hack, $6.3B Binance
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10H AGOCryptoPotato · Score 90 · via $6.3B hack, $6.3B
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11H AGOThe Block · Score 85 · via cover user, user losses
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14H AGOCointelegraph · Score 85 · via Binance hack, Bitcoin slides
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16H AGOCrypto Briefing · Score 72 · via Binance hack, freezes
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16H AGOBeInCrypto · Score 95 · via Binance confirms, hack
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16H AGOCrypto Briefing · Score 78 · via Binance hack, freezes
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16H AGOCoinDesk · Score 85 · via Binance hack, hack
