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Binance Says It Has Replaced All $6.3 Billion in Crypto Stolen in Record-Breaking Heist

Binance Says It Has Replaced All $6.3 Billion in Crypto Stolen in Record-Breaking Heist

Victims of the biggest reported crypto theft in history can finally breathe a sigh of relief.

Binance announced Thursday that it has finished replacing all the cryptocurrency stolen in last month’s massive hack.

The world’s largest crypto exchange said it committed more than $6.34 billion in company funds to cover the losses from the October 29 attack. Over the past two weeks, Binance has been buying replacement tokens through regular markets and over-the-counter transactions.

Binance derived the money for the reimbursements from a mix of the exchanges’s Secure Asset Fund for Users (SAFU), futures insurance fund, and corporate treasury.

Binance also said it plans to replenish SAFU to roughly $1 billion in…

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