Economy / Markets
Binance says it has replaced 90% of the $6.3bn taken in record hack
Binance said on Saturday it had replenished 90% of the roughly $6.3bn drained from its hot wallets on 29 October, drawing on company funds, its SAFU reserve and treasury to rebuy tokens; the rest sits in less liquid assets. The FBI blamed North Korea's TraderTraitor unit, and TRM Labs and Chainalysis reached the same conclusion. About $3bn has been frozen. Co-CEO Richard Teng said users would not bear the loss.