Binance covers 90% of $6.3 billion hack losses

vanguardngr.com —

Binance announced Saturday it has replenished 90% of the $6.3 billion stolen in a major hack, using company funds to buy tokens and cover the losses. The world’s largest crypto exchange stated it will fully cover the financial impact, with the remaining 10% of tokens being less liquid and slower to source. Binance has set aside over $6.34 billion for this purpose. The company called it a “complex attack” with multiple breach points, with investigators linking hackers to North Korea. Binance suspended withdrawals but plans to resume them Sunday, while the FBI and President Trump are investigating.


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