BUSINESS TIMES SG · 2026-11-13 01:03 UTC

Binance finishes covering US$6.3 billion of customer tokens stolen in hack

Binance says it has covered all US$6.3 billion in crypto-assets stolen from customers in the Oct 29 hack, completing restoration as of Thursday. Binance used a mix of profits and emergency funds to restore most tokens within days; the remaining 10 per cent took more effort, including less common tokens. The US government and analysts blamed North Korea; laundering used thousands of wallets and multiple blockchains, with Elliptic counting over 20,000 wallets and 65,000 transactions within a week.

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