Source time Edition date
ProtocolsDecrypt
Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe'
币安预留63.4亿美元覆盖黑客损失，CEO称“你的资产是安全的”
Richard Teng's pledge of $6.34B makes Binance's reimbursements the test of whether the EIP-7702 bypass was a control failure users must ultimately pay for.
Judgment
Binance now has to decide whether the $6.34B is a hard reimbursement commitment funded from its own balance sheet, not a reserve it can revisit if EIP-7702 losses exceed expectations. That choice shifts the cost of the approval-control bypass from affected users to Binance.
Basis
Richard Teng said Binance will cover all hacked losses and set aside $6.34B, while stating "Your assets are safe." He said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls. The control failure matters because the reimbursement decision determines whether Binance absorbs the loss or users do: the $6.34B is the only figure in the source tied to coverage, and Teng framed it as exchange-backed rather than user-funded.
Unclear The source does not say whether the $6.34B is cash, tokens, or an accounting earmark, nor whether every hacked user has already been made whole.
Next Check Binance's next reimbursement ledger or reserve attestation for the $6.34B and whether affected users receive full credits.