$2,850,000,000 in Crypto Involved in Binance Hack Frozen or Intercepted, Says CEO Richard Teng

The co-CEO of the largest crypto exchange in the world says billions of dollars in crypto are now safeguarded by authorities and private firms following the $6.34 billion Binance hack. Richard Teng says on X that Binance is taking full responsibility for the hack and has nearly replenished all crypto assets that were drained in the cybersecurity event. “On 29 October, Binance was the target of one of the most sophisticated attacks the digital asset industry has ever seen. ~$6.34B in assets were impacted. We take full responsibility, and we’re making it right. No user bears the loss. We set aside more than the full amount required. At this moment, 98% of impacted tokens have been replenished; we’re completing the remaining 2%. Withdrawals have broadly resumed.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Daily Hodl.