Victims of the Oct. 29 hack that stole approximately $6.3 billion in digital assets from crypto exchange operator Binance will be made whole using company funds, the exchange operator announced the day after the hack.

Richard Teng, Co-CEO of Binance, said in a video statement posted on X that the company has already used $5 billion to purchase the affected digital assets, including USDC, USDT, BTC, and others, through market and over-the-counter purchases.

“Most of what we earn from day-to-day operations is held in crypto assets and then is reinvested into the business and security,” he said. “Because we believe in crypto and the long-term value of this industry, this is precisely why we are able to absorb a loss of this…