TechThe Verge1h ago
Binance CEO says 90 percent of stolen assets have been ‘replenished’
TL;DRBinance says it's replaced 90% of $6.3B stolen in hack; covering rest too.
Why it matters: Sets precedent for exchange liability; affects customer trust and regulatory scrutiny on crypto platforms.
After hackers stole a shocking $6.3 billion from Binance customers in a record-breaking crypto heist, the company's CEO says that 90 percent of the funds have been replaced, and the company plans to cover the remaining 10 percent as well. Binance is covering the stolen funds…
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