Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
Binance said it has covered 90% of the stolen funds and is still on track to reopen withdrawals for users.
- On Saturday, cryptocurrency exchange Binance announced it has covered 90% of the roughly $6.3 billion in assets stolen during a record hack announced Thursday.
- Co-CEO Richard Teng described the breach on Friday as a "complex attack" involving malicious software; blockchain intelligence firm TRM Labs identified features matching North Korea-linked heists including Bybit and KelpDAO.
- Binance partially deployed its $1 billion Secure Asset Fund for Users to replenish holdings, while the outstanding 10% consists of less liquid tokens requiring longer sourcing.
- The exchange remains on track to resume withdrawal services for users on Sunday, November 1, while maintaining its commitment to cover the full financial impact of stolen funds.
- Users holding the 10 listed tokens—BTC, ETH, and SOL among them—will verify assets are backed at a minimum 1:1 ratio following Binance's snapshot completed on October 31.
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222 Articles
Binance replaces 90% of stolen crypto after record $6.3 billion hack, pledges to cover remaining losses
Cryptocurrency prices declined on Friday as Binance, the world's largest cryptocurrency exchange, sought to reassure customers that their funds remained safe following the theft of more than $6 billion worth of digital assets.
Cryptocurrency exchange Binance said that it has already compensated about 90% of the cryptocurrency compromised by hackers in the amount of 6.3 billion dollars and plans to renew the issuance of funds for the resurrection, writes Bloomberg. In a meeting in social networks on Saturday, the largest cryptocurrency market in the world once again outlined that it would take all the benefits of theft, so that users did not suffer any losses. Binance …
After a spectacular cyberattack, Binance has recovered or hedged assets in billions, but procurement of the remaining tokens could take longer.
Burza kriptovaluta Binance at subotu je objavila da je uspjela pokriti 90 posto iznosa ukradenog u hackerskom napadu na njezinu platformu u kojemu je otuđeno rekordnih 6.3 milliard dollars. Preostalih 10 posto refers to the tokene s manjom likvidnošću, što poznači da će možda […] Objava Binance nadoknadio 90 posto imovine stolen from hackers of the attack pojavila se prvi puta on Novi list.
The exchange of cryptovalute Binance has announced that it has covered 90% of the value taken away following an unprecedented cyber attack, which hit the platform for an amount of 6.3 billion dollars. (ANSA)
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