Binance CEO says 90 percent of stolen assets have been ‘replenished’
Following a record-breaking theft of $6.3 billion, Binance is directly covering the financial losses for its customers. While 90 percent of the funds are replaced, the remaining 10 percent consists of less liquid tokens that may take more time to acquire. The company expects to enable withdrawals this Sunday.
Key points
- Binance has replenished 90% of the $6.3 billion stolen in a crypto heist.
- The company intends to cover the remaining 10% of less liquid tokens.
- Withdrawals are currently paused but are expected to resume on Sunday.
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. The Verge did the reporting; read the original for the full story.
Read the full story at The Verge
