Binance has set aside $6.34 billion to cover user asset losses and is working with multiple parties to recover funds.

Binance has set aside $6.34 billion in company funds to cover user asset losses, of which $5 billion is held in the form of affected tokens of the same type, with the remainder being replenished through market and OTC channels. Binance has begun recovering affected assets for users and is working with law enforcement, token issuers, blockchain intelligence firms, and industry partners to track, freeze, and recover funds. Approximately $3 billion in assets are currently frozen; the aforementioned reserved amount does not include assets already frozen or protected.