I wrote up what we know about the Binance hack so far. By my best estimate, Binance is out $1.5–$3 billion after stablecoin issuers froze what they could. Changpeng Zhao is promising Binance will cover it, but he’s legally barred from running the company.
Citation NeededAttacker gets away with up to $3 billion from BinanceStablecoin issuers froze about $2.4 billion of the up to $5.5 billion stolen. The rest may exceed Binance’s insurance fund, and the man promising to make users whole isn’t supposed to be running the company.