Binance Recovers 90% of $6.3B Hack Losses – Withdrawals Set to Resume
Photo: Bitcoinist
TLDR; Binance recovers 90% of the cryptocurrency stolen in its record-breaking $6.3 billion security breach, with the exchange targeting Sunday, November 1, to resume customer withdrawals. Binance has made further progress in recovering from one of the largest cryptocurrency thefts on record. The exchange also confirmed that customers holding ten major cryptocurrencies are now fully backed, as it continues working to replace the remaining stolen assets. The latest recovery figure represents an increase from the approximately 80% coverage reported in its previous update.
Source: Bitcoinist
