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Binance replenishes 90pc of assets stolen in security incident
BENGALURU: Crypto-currency exchange Binance said on Saturday it has been able to cover 90 percent of the amount stolen after a record USD 6.3 billion hack of its platform. The outstanding 10 percent consists of tokens that are less liquid, which means they may take longer to source in the required amounts, it said in a statement. The exchange said it has set aside around USD 6.34 billion of company funds internally to cover the losses. Binance said the replenishment involved a partial deployment of its USD 1 billion Secure Asset Fund for Users (SAFU), a bitcoin reserve it holds to protect cust...
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