“Binance CEO Reveals 90% of $6.3 Billion Stolen in Record Crypto Heist Has Been Replenished” — what this page in the network covers. Binance CEO Richard Teng announced that 90% of the $6.3 billion stolen from customers in a record-breaking crypto heist has been replenished, with the exchange planning to cover the remaining 10% as well. The attack, which targeted Binance's hot wallet, is considered the largest cryptocurrency theft The attack, which targeted Binance's hot wallet, is considered the largest cryptocurrency theft in history, surpassing previous incidents by a wide margin.
Teng emphasized that Binance is directly covering the stolen funds, ensuring that affected users will not bear the loss. The heist sent shockwaves through the cryptocurrency market, raising fresh concerns about the security of digital asset exchanges. Binance, the world's largest crypto exchange by trading volume, has faced scrutiny over its security measures in the past. The full version stays on the original page, which this listing opens directly.