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Binance replaces 90% of $6.3 billion stolen in hack

short by Neeraja Nath / on Sunday, 1 November, 2026
World's largest cryptocurrency exchange Binance said it has covered 90% of the $6.3 billion in assets stolen in last week's hack using company money to buy replacement tokens. The remaining 10% involves tokens that are less liquid that may take longer to buy. "Our users will not bear the financial impact of this incident," Binance co-CEO Richard Teng said.
read more at Reuters