CONNECT WITH US
Tech

Tech

Binance CEO says 90 percent of stolen assets have been ‘replenished’

TheVerge - Tech logo

Published on

Add as a preferred source on Google
Binance CEO says 90 percent of stolen assets have been ‘replenished’

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 liquid" tokens, which the company says may take longer to acquire.

The company also said in a post on X that, while withdrawals remain paused, they're on track to be enabled on Sunday.

Our commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident. We will co …



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.