The Jerusalem PostTech
Binance Covers 90% of $6.3 Billion Stolen in Major Crypto Hack
Summarized from The Jerusalem Post by baba
Center-rightNeutral tone
Plus
Cryptocurrency exchange Binance has covered 90% of the $6.3 billion stolen in a major hack, using $6.34 billion of its own funds. The remaining 10% involves less liquid tokens. Co-CEO Richard Teng called it a complex attack involving a compromised laptop. Binance expects to resume withdrawal services on Sunday, November 1.
The story in 5 lines · by baba
- Binance has covered 90% of the $6.3 billion stolen in a major security incident.
- The exchange has set aside $6.34 billion of company funds to cover the losses.
- The remaining 10% of stolen assets are less liquid tokens.
- Co-CEO Richard Teng described the hack as a complex attack involving a compromised laptop.
- Binance plans to resume withdrawal services on Sunday, November 1.
The Jerusalem Post publishes in English. The key points are summarized above. Read The Jerusalem Post’s full report from the link at the top of the page.
