Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
- Binance said a cyberattack caused estimated losses of about $6.3 billion.
- Binance said it had replenished about 90% of the stolen assets, or approximately $5.7 billion.
- Binance said customer balances were untouched, but withdrawals were suspended while it investigated the breach.
- Binance said it would cover the remaining losses so users would not bear the financial impact.
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Binance: 90% Of 6.3B Hack Losses Now Covered - Regional Media News
(Undated) - Binance said it has recovered up to 90-percent of the roughly six-point-three billion in token assets stolen from its hot wallets. Binance said today it will continue to buy the remaining relevant token assets through market and over-the-counter channels until the recovered amount [...]
$6.3bn Crypto Theft: Binance gives fresh update as Trump seeks FBI probe
Amid a wave of complaints from users, cryptocurrency platform Binance, at the weekend, provided an update on the $6.3 billion worth of cryptocurrency stolen in a historic hack following remarks by United States President Donald Trump. In a statement on X on Saturday, Binance said it had used the company's funds to purchase tokens to […] $6.3bn Crypto Theft: Binance gives fresh update as Trump seeks FBI probe
The exchange stated that it had covered 90 per cent of the losses and continued to replenish the reserves.
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