Binance CEO Richard Teng confirms withdrawals to resume within 45 hours after $6.3B hack; reserves $6.34B+ in company funds, ~$3B frozen

Binance CEO Richard Teng confirmed all user losses will be 100% covered by SAFU and company funds, with withdrawals expected to resume within 45 hours after a security revamp of the withdrawal service. Binance has reserved $6.34B+ in company funds to cover the incident, $5B already held in impacted token assets (excluding frozen or protected assets). About $3B in affected assets have been frozen on-chain.

Detected & updated continuously · Source: Nebula