Binance says 90% of $6.3 billion hack losses are covered and withdrawals resume Sunday
AIBinance said it has covered up to 90% of the roughly $6.3 billion in tokens stolen from its hot wallets and will buy the remaining assets until coverage reaches 100%. It plans to resume user withdrawals by Sunday, subject to security checks, while the attack remains under investigation.
AIWhy it matters.
The report details Binance's coverage of stolen assets and its withdrawal timeline, alongside conflicting accounts of the attack and a suspected North Korean link.
Source details
CNBC · Technology · cnbc.comPublished · added here
Original title: Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday