Binance says it has restored 95% of tokens affected by $6.3 billion heist

Health · First reported 3 Nov, 07:35 · Updated 07:55

Image: Wikimedia Commons · Ysherazi · CC BY-SA 4.0

Binance co-CEO Richard Teng said the exchange had replenished 95% of affected tokens and could cover the losses with its emergency reserve and other company funds. He said customer withdrawals had reached $4.72 billion by Monday and that a review of the breach would be published later.

Binance said it had replenished 95% of the affected tokens; the remaining 5% are less liquid and are being restored with help from over-the-counter providers.
Teng said the losses were covered by Binance’s SAFU reserve and other company funds, and that hourly flows had largely returned to normal.
Binance reported net customer withdrawals of $4.72 billion by Monday, about 3% of assets on the platform, and said it would release a post-mortem of the breach.

Summary written by Lux AI from 3 articles

Key facts

Reported heist amount: $6.3 billion
Affected tokens replenished: 95%
Net withdrawals by Monday: $4.72 billion, about 3% of platform assets
Post-mortem: Teng said Binance would release one in due course.
FBI attribution: The FBI blamed North Korea; North Korea denied involvement.