Company Update
Binance reserves $6.34 B to cover hack losses
Binance allocated more than $6.34 billion, including about $5 billion already held in the stolen tokens, to cover a hack that removed roughly $6.3 billion in assets. Withdrawals are slated to restart before Sunday, with a full proof‑of‑reserves report expected by Monday, Nov 2. Partners have frozen approximately $3 billion, counted separately, while Binance holds over $1 billion in SpaceX shares as additional backing.