Binance has set aside more than $6.34 billion in company funds to compensate customers affected by the hack, including $5 billion in stolen tokens such as USDC, USDT, BTC, ETH and BNB. CEO Richard Teng said customer funds were not touched and that the attack targeted Binance’s hot wallet through an EIP-7702 delegation that bypassed the usual approval controls. The exchange aims to restore withdrawals before Sunday and plans to publish a full proof of reserves on Monday following a security review of its systems. TRM Labs and Chainalysis attributed the theft to the North Korean hacking group TraderTraitor, while Aave said all positions remained overcollateralized after it temporarily froze markets as a precaution.
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