Binance Pledges Full Restitution After $6.3 Billion Crypto Heist
Following a record-breaking $6.3 billion theft from customer accounts, Binance CEO confirms that 90 percent of the pilfered assets have already been replenished. The exchange is funding the recovery directly, aiming to finalize the remaining 10 percent balance, which currently consists of illiquid tokens that require more time to secure.
The exchange detailed its progress in a post on X, emphasizing that the company intends to cover the entire financial impact of the breach. While the recovery of assets is nearing completion, platform operations remain restricted. Binance confirmed that user withdrawals are currently paused but stated they remain on track to resume services by Sunday, November 1, 2026. Management promised further updates as the transition to normal operations progresses.
Comments (0)
No comments yet. Be the first!