Binance Recovers 90% of Assets After $6.3B Hack

Binance announced it has covered 90% of assets stolen in a recent hack, estimated at $6.3 billion, with ongoing purchases to cover the remaining deficit. The scale of the loss and recovery is unprecedented for a crypto exchange, raising questions about security and market confidence. The incident underscores systemic vulnerabilities in digital asset platforms.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works