Hacking News
Binance replenishes 98% of stolen assets after security incident
Binance confirmed it will cover the cost of stolen funds from a recent security incident using its own resources. The exchange has set aside more than 100% of the amount needed to compensate affected users. It reports that approximately 98% of the impacted assets have already been replenished. Binance is continuing to purchase the remaining token assets through market and OTC channels. The remaining 2% is expected to be acquired more slowly because those tokens are less liquid. The company said it will provide further updates.