Binance: Begins Recovering Affected User Assets

Binance has begun recovering affected assets for users and continues working with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds. The exchange has reserved over $6.34B of company funds to cover the incident, with $5B already held in the exact impacted token assets and the remainder being purchased via market and OTC channels. $3B has already been frozen thanks to industry partners, and all user funds will be verified publicly through Proof of Reserves.