EQUIPThe Verge · 2h ago
Binance CEO says 90 percent of stolen assets have been ‘replenished’
Executive Brief
The 30-second read
Binance has successfully restored 90 percent of the $6.3 billion stolen in a record-breaking cryptocurrency heist. The company confirms it will use direct corporate funds to cover the remaining 10 percent of customer losses.
- 01Hackers illicitly removed 6.3 billion dollars from Binance customer accounts
- 02Internal corporate capital is being used to replace the stolen digital assets
- 03Ninety percent of compromised funds are already replenished for affected users
- 04Management plans to cover the final ten percent consisting of less liquid assets
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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 directly, and the remaining 10 percent consists of "less […]