Yes. Binance says it has reserved over $6.34B of company funds to cover the Oct 29 hack, estimated at around $6.3B.

Yes. Binance says it has reserved over $6.34B of company funds to cover the Oct 29 hack, estimated at around $6.3B.

Of that, $5B is already held in the exact token assets impacted. It is buying the remaining about $1.34B through market and OTC channels to match the token mix, which it says can take longer for low liquidity tokens.

About $3B is frozen on chain so far, per Binance, not recovered. Frozen means blacklisted in place with issuers and partners, and Binance says those figures exclude the $6.34B reserve.

Recovery has begun, per Binance, with law enforcement, issuers and intelligence firms tracing the rest. All user funds will be verified publicly through Proof of Reserves, and losses will be covered from SAFU and company funds.