Binance Hack Valued at $6.01 Billion, $2.9 Billion Still Movable

The Binance hack involves $6.01 billion in assets, with $2.9 billion still movable, as the exchange suspends deposits and withdrawals and commits to cover losses. Binance separately estimates the incident’s impact at $6.3 billion. That is the exchange’s own assessment, separate from the $6.01 billion valuation of the hack. The figures describe different estimates of the same incident. The $2.9 billion figure refers to assets that remain movable. That amount is part of the $6.01 billion valuation, not a separate estimate of the incident’s total value. The figure highlights that billions of dollars in assets remain able to move.

Also reported by The Defiant.

Source: TokenPost