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Binance recovers 95% of $6.3B
Binance has recovered almost 95% of the $6.3 billion stolen in a recent hack, with the company covering the losses using its own funds. The recovery process is ongoing, with the company continuing to purchase affected assets through market operations and over-the-counter transactions.
Binance announced that it has recovered approximately 95% of the $6.3 billion stolen in a recent hack, with the company using its own funds to cover the losses.
The recovery process involved purchasing affected assets through market operations and over-the-counter transactions, with the company aiming to complete the process as soon as possible.
The hack, which occurred on October 29, resulted in the theft of approximately $6.3 billion, with the FBI attributing the attack to a group of hackers linked to North Korea.
Binance has begun to gradually restore its withdrawal services, with the company processing $4.649 million in withdrawals and $1.010 million in deposits between 06:00 and 15:30 UTC on November 1.
The company has assured users that it will absorb the financial impact of the attack, with no losses being passed on to clients.
Source: ambito.com
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