Binance says it’s in ‘very strong’ health after record $6.3B hack
Following a record $6.3 billion cryptocurrency theft on Thursday evening, Binance co-CEO Richard Teng announced at Hong Kong Fintech Week that the exchange has restored 95% of stolen funds and remains in "very strong financial health." The hack represents the largest crypto theft on record. Blockchain analysis firm TRM Labs was cited in the report.
Key points
- Record $6.3 billion crypto theft at Binance
- 95% of stolen funds replenished
- Exchange claims strong financial health despite breach
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