Binance says it has replaced 90 percent of funds stolen in hack
The exchange suffered a $6.3 billion theft and is covering stolen funds directly, with plans to replace the remainder, according to The Verge. The Hill reports that money began leaving Binance wallets on Thursday, prompting the company to suspend all deposits and withdrawals before announcing its replenishment progress on Saturday.
Covered by 3 publishers within 27 hours of the first report.
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Decrypt Binance Sets Aside $6.34B to Cover Hack Losses, CEO Says 'Your Assets Are Safe' · Decrypt Agent
The Verge Binance CEO says 90 percent of stolen assets have been ‘replenished’ · Terrence O’Brien
The Hill Binance recovers 90 percent of stolen assets from hack · Suryatapa Chakraborty