📌 Key Highlights & Quick Takeaways:
- London: Binance, the world's largest cryptocurrency exchange company, has recovered 90% of its $6.3 billion assets that were hacked in a cyb.
- According to Binance's statement on Saturday, the remaining 10 percent of stolen assets are related to relatively low-liquidity tokens, whic.
- Binance has set aside about $6.34 billion in its internal funds to compensate customers for losses, a company spokesperson said, according t.
London: Binance, the world's largest cryptocurrency exchange company, has recovered 90% of its $6.3 billion assets that were hacked in a cyber attack yesterday.
According to Binance's statement on Saturday, the remaining 10 percent of stolen assets are related to relatively low-liquidity tokens, which may take longer to recover to the required amount.
Apart from this, part of the money has been used from the $1 billion Secure Asset Fund for Users, which was established to protect users' assets from security threats and potential cyber attacks.
Binance co-chief executive Richard Tang told the media yesterday that the cyber attack on the company was very sophisticated, according to him, the attackers used an infected laptop and malicious software aimed at erasing evidence of the attack, making it more difficult to investigate the incident and trace the source of the attack.
