Binance recovers 90 percent of assets stolen in massive hack

Binance has recovered 90 percent of assets stolen in this week's hack, valued at around 60 billion Swedish kronor, with the remainder expected to take longer to retrieve. The investigation into what may be the largest crypto heist continues. The world's largest crypto exchange halted deposits and withdrawals after the suspected breach early Thursday, affecting digital assets worth approximately 6.3 billion dollars. Binance has pledged to cover all losses with its own funds, stating users will not bear the financial impact. About 3 billion dollars of stolen assets were frozen Friday with help from authorities. Binance plans to resume withdrawals Sunday, November 1. The attack may involve North Korea's Lazarus Group, surpassing the 2025 Bybit hack of 1.5 billion dollars.