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Binance restores 90% of stolen crypto assets — TradingView News

Binance restores 90% of stolen crypto assets — TradingView News

Binance said on Saturday that it has covered 90% of cryptocurrency assets affected by a massive cyberattack this week, and the company remains on track to resume withdrawals by Sunday within its previously stated timeline.

In a statement on X, the world’s largest crypto exchange said that the remaining 10% of the stolen assets consist of less liquid tokens, which means that the time it takes to replenish them will be longer.

Binance initiated the recoveries after disclosing on Friday that a security incident impacted about $6.3B of client assets, which it said will be fully covered using its own funds and its Secure Asset Fund for Users established in 2018.

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