$3 Billion Frozen After $5.64 Billion in Binance Hot-Wallet Outflows

Binance said about $3 billion tied to abnormal outflows from several hot wallets had been frozen by Oct. 30, after about $5.643 billion moved from wallets labeled as belonging to the exchange. The frozen amount equals roughly 53% of the tracked outflow. Binance said customer assets remained safe and pledged to cover all losses. The exchange also said it had replenished about 80% of the stolen funds, but did not give a final net-loss figure. The largest tracked flows were on the Ethereum, Bitcoin (BTC) and Tron networks: $3.528 billion, $1.449 billion and $628 million, respectively.