Binance says it will cover 100% of losses, reserves $6.34B, suspends withdrawals; BTC also involved per TRM Labs

Binance says it will fully absorb all losses from the security incident and has reserved over $6.34 billion in company funds to cover them, with about $3 billion frozen. As a precaution, the exchange has suspended withdrawals while deposits remain operational, and is working to freeze assets with law enforcement. TRM Labs says BTC is also involved in the hack.

Detected & updated continuously · Source: Nebula