TechSlashdot1h ago
Binance Replenishes 90% of Stolen $6.3B, Pledges They'll Cover It All
Binance Replenishes 90% of Stolen $6.3B, Pledges They'll Cover It All, Reopen Sunday
TL;DRBinance replaced 90% of $6.3B stolen funds, promises full coverage before reopening.
Why it matters: Restores user confidence in exchange solvency during crypto's trust crisis; sets precedent for how platforms handle breaches.
"We've now replenished 90% of the stolen assets, and we're committed to covering the remaining 10%," Binance co-CEO Richard Teng posted on X, adding that "Our users will not bear the financial impact of this incident." "Binance said it was able to replace the funds taken in the…
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