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Binance Reassures Users That $6.3 Billion in Stolen Crypto Is, Like, Pocket Money to Them

Binance Reassures Users That $6.3 Billion in Stolen Crypto Is, Like, Pocket Money to Them

Crypto exchange Binance is working to reassure users that the $6.3 billion heist pulled on them Thursday isn’t a prelude to another Mt. Gox- or FTX-style implosion.

Binance has assured users that any stolen wallets are covered and all user assets are safe, Reuters reported. The exchange’s decision to halt withdrawals in the wake of the incident had triggered some worry within the crypto community about its overall stability. The company wrote in a second security update on X on Friday afternoon that it is targeting resumption of withdrawals “within approximately 34 hours, subject to the completion of security checks,” or approximately 2:20 p.m. on Sunday.

Cybersecurity experts have said the most likely suspects…

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