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Cointelegraph quoted a Binance spokesperson as saying the $5 billion is held in the exact token assets required and is in Binance custody.

This line is our short summary of the quote below. The quote is the evidence.

ReportedreservesStatement 363

“The $5 billion is held in the exact token assets that are required. These assets are in Binance custody,” a Binance spokesperson told Cointelegraph.

Speaker
Binance spokesperson
Publisher
Cointelegraph (News media)
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Binance says it holds $5B in matching tokens to cover hack losses
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Cited in theories

Other statements from the same source

ReportedreservesStatement 915

Cointelegraph reported that CertiK CEO Ronghui Gu said the estimated gap represented about 1.3% of Binance's reported $165 billion in exchange reserves.

Gu said the estimated gap represented about 1.3% of Binance’s reported $165 billion in exchange reserves.

Speaker
Ronghui Gu
Publisher
Cointelegraph (News media)
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ReportedreservesStatement 471

Cointelegraph reported Binance's exchange reserves as $165 billion, including assets backing customer balances.

$165 billion in exchange reserves. Those reserves include assets backing customer balances.

Speaker
Not recorded
Publisher
Cointelegraph (News media)
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ReportedreservesStatement 362

Cointelegraph reported that the speaker said Gulf, Binance's partner in Thailand, had offered financial support.

he said Gulf, Binance’s partner in Thailand, had offered financial support.

Speaker
Changpeng Zhao
Publisher
Cointelegraph (News media)
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ReportedreservesStatement 361

Cointelegraph reported that the speaker said the exchange's revenue for the year was sufficient to cover the hack losses and that the company did not need to sell its stake in SpaceX.

that the exchange’s revenue for the year was sufficient to cover the hack losses and that the company did not need to sell its stake in SpaceX.

Speaker
Yi He
Publisher
Cointelegraph (News media)
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ReportedreservesStatement 359

Cointelegraph reported that CertiK said it needed more information from Binance to assess whether the claimed $5 billion in matching tokens could be independently verified on-chain.

CertiK told Cointelegraph that it needed more information from Binance to assess whether the claimed $5 billion in tokens matching those stolen could be independently verified on-chain.

Speaker
CertiK
Publisher
Cointelegraph (News media)
Original
Binance says it holds $5B in matching tokens to cover hack losses
Captured
Stored copy
sha256 14088e29a870
Published