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Binance reserves $6.34B after hack, targets phased withdrawals

Binance has set aside more than $6.34 billion to cover its $6.3 billion security breach and outlined plans to begin restoring withdrawals within approximately 34 hours, subject to security checks. Binance’s second recovery update, dated Oct.

Why it matters

Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.

Automated desk note. Not Dextape reporting.

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Headline and excerpt from Crypto.news’s public feed. Crypto.news holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.

Original reporting

Lawrence Mondal, Crypto.news

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