According to Cointelegraph, Binance stated that it currently holds approximately $5 billion in matching tokens placed in custody for the purpose of covering losses from a recent hack. The exchange also indicated that it had previously set aside more than $6.34 billion overall to address those losses and that the newly held $5 billion amount will be included in its forthcoming proof‑of‑reserves report.
The announcement comes as Binance prepares to publish its next proof‑of‑reserves document, which is expected to reflect the additional assets now reserved for hack‑related liabilities.
