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Automatically translated version. May contain inaccuracies compared to the original.
After cryptocurrency worth about $6,3 billion was stolen, the exchange announced it will restore users' assets at its own expense
🔹Of the reserved $6,34 billion, about $5 billion the company already holds in the corresponding tokens. Another $1,34 billion it plans to buy on the market, including through large over-the-counter deals. The process may be delayed due to low liquidity of some of the stolen assets.
🔹Separately, about $3 billion has already been frozen with the involvement of Tether, Circle, and other crypto market participants. This amount is not part of Binance's reserve. The exchange, together with law enforcement, is trying to regain control of the frozen funds.
🔹Binance promises to fully compensate users' losses and to verify the restoration of reserves using Proof of Reserves. Withdrawals are currently suspended, but the company expects to restore them within two days. Meanwhile, the investigation revealed that the attack was more complex than initially thought: in addition to the compromised engineer's laptop, specialists found other points of entry into the exchange's internal infrastructure.
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