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Binance says about 90% of assets stolen in $6.3 billion hack have been restored

By ChordNews · First written (new coverage , updated )

Majority of funds stolen in cryptocurrency hack replenished, Binance says
Image: news.sky.com
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Summary

Binance says it has replenished around 90% of the cryptocurrency assets stolen in a hack on the exchange, which one report puts at $6.3 billion, described as a record crypto heist. The company's CEO says the remaining 10% will also be covered, with Binance covering the stolen funds directly. Binance says it has restored backing for 90% of the affected assets and has resumed phased withdrawals for users.

This continues an earlier story: Binance investigates suspected record crypto hack as billions in funds are frozen

Later: Binance outflows reach billions as withdrawals resume after $6.3 billion hack

Timeline

  1. Sky News

    Source ↗

    Reports that around 90% of the cryptocurrency assets stolen in a hack on a major exchange have been replenished, according to Binance.

  2. Investing.com

    Source ↗

    Reports in its headline that Binance says 90% of stolen assets have been replenished.

  3. Seeking Alpha

    Source ↗

    Reports in its headline that Binance has restored 90% of stolen crypto assets.

  4. The Verge

    Source ↗

    Reports that Binance's CEO says 90 percent of the stolen assets have been replenished, that the company plans to cover the remaining 10 percent as well, and that Binance is covering the stolen funds directly.

  5. CNBC

    Source ↗

    Reports that Binance says it has restored backing for 90% of the assets affected by its $6.3 billion hack and has resumed phased withdrawals.

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