Binance replenishes 90% of assets stolen in US$6.3 billion hack after security incident, with withdrawals set to resume on Nov 1.
In response to a significant security breach, cryptocurrency exchange Binance has earmarked USD 6.34 billion to cover losses incurred from unauthorised withdrawals amounting to about USD 6.3...
Binance says it has restored backing for 90% of assets affected by its $6.3 billion hack and is planning to resume withdrawals, subject to security checks.
Crypto prices fell on Friday as the exchange sought to reassure customers that their funds were safe
Binance hack: What protections exist for customers after the US$6.3 billion breach and how crypto losses are handled in the US.
Binance said on Friday it has reserved more than $6.34 billion in company funds, including $5 billion already held in impacted token assets, to deal with the fallout of an attack in which...
Richard Teng said the attacker used a self-destruct mechanism and an EIP-7702 delegation that bypassed Binance's normal approval controls.
The company said it would cover all losses using its Secure Asset Fund for Users (SAFU) and company funds
Binance vows to cover losses after record US$6.3 billion crypto hack as the market reacts calmly and withdrawals are suspended.
Michael Selig said the record $6.4 billion theft shows why offshore exchanges should register with the CFTC and adopt U.S.-grade cybersecurity standards.
Binance replaced stolen assets including bitcoin, zcash, and the stablecoins USDT and USDC.
Binance said it tapped the company's coffers to replenish billions lost in unprecedented crypto hack.
Cryptocurrency exchange Binance said Saturday that it was able to replenish 90 percent of the stolen assets after a $6.3 billion hack of its platform. On Thursday, the money started moving out of...
MOST of the crypto stolen from Binance in the "biggest bank heist in history" has been replenished, the exchange claimed. Around 90 per cent of the stolen assets were recovered after a suspected...
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...
The outstanding 10% consists of tokens that are less liquid, which means they may take longer to source in the required amounts, it said in a statement.
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