CROWDFUNDINSIDER · 2026-11-05 01:20 UTC

Binance Says It Has Replenished 95% of Stolen Crypto Assets, Pledges to Cover Remaining Losses

Binance has replenished 95% of cryptocurrency stolen in a $6.3 billion security breach, with the remaining 5% consisting of less liquid assets being sourced through OTC providers. Co-CEO Richard Teng said the exchange will cover all losses through its SAFU fund and corporate resources without passing costs to customers. Withdrawals have largely returned to normal levels, and customer outflows have stabilized after an initial spike following the breach announcement.

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