Binance recovers 90 percent of stolen assets from hack

Cryptocurrency exchange Binance said Saturday that it was able to replenish 90 percent of the stolen assets ‌after a $6.3 billion hack of its platform.

On Thursday, the money started moving out of Binance wallets, prompting the company to suspend all deposits and withdrawals. Some cryptocurrency firms froze around $3 billion in assets in connection with the incident.

“All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed 100%,” the company said in post on social platform X on Saturday. “We will continue to buy the remaining relevant token assets through market and OTC channels until the covered amount reaches 100% for all tokens.”

The company also said it will absorb the financial impact of the stolen funds, not the users.........

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