Cryptocurrency exchange Binance announced on Saturday, November 9 that by using the company's financial resources and purchasing new tokens, it was able to replace 90% of the assets stolen in an unprecedented $6.3 billion underground cyber attack.
The company said in a statement posted on the X network that the remaining 10 percent includes tokens that are less liquid and may take longer to repurchase.
Binance co-CEO Richard Tang wrote on X on Saturday: “We have now replaced 90% of the stolen assets and are committed to compensating the remaining 10%. Our users will not suffer any financial consequences from this event."
The price of cryptocurrencies fell on Friday; At the same time, Binance, the world's largest cryptocurrency exchange, tried to reassure customers that their assets were safe. This exchange lost more than $6 billion worth of cryptocurrency in a ground-up cyber attack; A ground attack, which analysts blamed on North Korea.