Binance Customers Hit by $6.3 Billion Hack Are Fully Repaid, Exchange Says

Binance said Thursday it has replaced every token lost in its record $6.3 billion hack. Customers cannot verify it yet, since the proof behind its new reserves snapshot is still pending. That proof is a zero-knowledge proof, a math-based check that lets users confirm the exchange holds at least one coin for every coin it owes. Until it is published, the backing for roughly $132 billion in customer assets rests on Binance’s word. What Did Binance Replace, and Who Paid for It? Hackers drained Binance wallets on October 29. The FBI later blamed TraderTraitor, a North Korean hacking unit. It asked exchanges to block wallets tied to the theft. By November 2, Binance said it had refilled about 98% of the affected assets.

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