Binance says it has covered 90% of losses from $6.3bn hack - Nikkei Asia
Direct Source Verification:
This story is aggregated from Nikkei Asia (asia.nikkei.com). Full reporting rights and copyright belong to the primary publisher.
(Reuters) -- Crypto exchange Binance said on Saturday it has been able to replace 90% of the amount stolen after a record $6.3 billion hack of its platform by using company money to buy new tokens.
(Reuters) -- Crypto exchange Binance said on Saturday it has been able to replace 90% of the amount stolen after a record $6.3 billion hack of its platform by using company money to buy new tokens.
The remaining 10% consists of tokens that are less liquid, meaning they may take longer to buy, it said in a statement posted on X.
"We've now replenished 90% of the stolen assets, and we're committed to covering the remaining 10%. Our users will not bear the financial impact of this incident," co-CEO Richard Teng said on X on Saturday.
Original Source
https://asia.nikkei.com/spotlight/cryptocurrencies/binance-says-it-has-covered-90-of-losses-from-6.3bn-hack
