Binance Sets Aside $6.34B to Cover the Hack and Sets a Withdrawal Timeline

Binance has set aside more than $6.34 billion to absorb the largest crypto theft on record, and it has already parked $5 billion of that reserve in the exact tokens the attacker drained. The figures, published late Friday in the exchange’s Security Incident Update #2 , mean the exchange has pre-funded roughly 100.6% of the $6.3 billion it estimates left its hot wallets on October 29. The details matter more than the top line. Binance is not writing a check and walking away.