Binance says it replaced 90% of stolen crypto after breach
In short
Binance said it has replaced 90% of the stolen crypto after a massive $6.3 billion breach. It said it is covering all losses with corporate funds, futures reserves and SAFU.
This matters because user balances were kept intact, which may ease fears after the hack. The reporting does not say how the breach happened or how much of the loss is still outstanding.
What the reporting says
Binance said it has replaced 90% of the stolen crypto after a massive $6.3 billion breach, absorbing all losses through corporate funds, futures reserves and SAFU. The reporting says user balances were kept intact. What remains unknown is the timing of the replacement and whether the exchange will disclose any remaining shortfall.
Why it matters
Binance said it replaced 90% of the stolen crypto after a massive $6.3 billion breach, using corporate funds, futures reserves and SAFU to absorb all losses. The reporting also says user balances remain intact. That is likely reassuring for customers and the market, but the available reporting does not specify the source breakdown in detail or any residual hole after the replacement.