Binance CEO says 90 percent of stolen assets have been ‘replenished’
AI KEY TAKEAWAYS (TL;DR)
- After hackers stole a shocking $6
- 3 billion from Binance customers in a record-breaking crypto heist, the company's CEO says that 90 percent of the funds have been replaced, and the company plans to cover the remaining 10 percent as well
- Binance is covering the stolen funds directly, and the remaining 10 percent consists of "less liquid" tokens, which the company says may take longer to acquire
Why it matters: Demonstrates how thoughtful innovation can empower communities and build sustainable infrastructure.
After hackers stole a shocking $6.3 billion from Binance customers in a record-breaking crypto heist, the company's CEO says that 90 percent of the funds have been replaced, and the company plans to cover the remaining 10 percent as well. Binance is covering the stolen funds directly, and the remaining 10 percent consists of "less liquid" tokens, which the company says may take longer to acquire. The company also said in a post on X that, while withdrawals remain paused, they're on track to be enabled on Sunday. Our commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident. We will co … Read the full story at The Verge.
After hackers stole a shocking $6.3 billion from Binance customers in a record-breaking crypto heist, the company's CEO says that 90 percent of the funds have been replaced, and the company plans to cover the remaining 10 percent as well. Binance is covering the stolen funds directly, and the remaining 10 percent consists of "less liquid" tokens, which the company says may take longer to acquire. The company also said in a post on X that, while withdrawals remain paused, they're on track to be enabled on Sunday. Our commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident. We will co … Read the full story at The Verge.
This development, featured by www.theverge.com, represents an inspiring step forward in tech. By spotlighting constructive solutions and practical breakthroughs, it demonstrates the tangible impact of dedicated teamwork and innovation.
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