Binance restores 95% of $6.3B hack losses, records $2.3B net inflows

Briefing by News4U · First published

Binance restored 95% of assets stolen in last week's $6.3 billion hack and recorded $2.3 billion in 24-hour net inflows, reversing Monday's $7 billion outflows, according to Cointelegraph and RTÉ Business. Co-CEO Richard Teng said the exchange is in very strong financial health, with losses covered by company and SAFU funds, and hourly flows have normalized. The FBI attributed the attack to North Korea, which denied responsibility. [1] [2]

Sources

  1. Binance’s net inflows turn positive at $2.3B as withdrawals expand

    Cointelegraph · · Full text

  2. Binance co-CEO says firm in very strong financial health

    RTÉ Business · · Full text

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