BreakingExchanges
Binance puts verified frozen total at $2.54 billion, says it will cover all losses
Binance said the amount frozen in connection with its hot-wallet breach now stands at a verified $2.54 billion and may rise as tracing with law enforcement and stablecoin issuers continues. Co-founder Yi He said the exchange will absorb all losses, with deposits and withdrawals paused until security checks finish. On-chain estimates of the outflows still range from about $2.4 billion to $5.8 billion. Source: CoinDesk