Binance Replaces $6.3B in Stolen Crypto Assets, Completes Reimbursement on Nov. 12

According to Bloomberg, on Nov. 12, Binance completed replacement of all $6.3 billion in crypto assets stolen in the Oct. 29 hack using profits and emergency funds. Most tokens were restored within days, while the final 10% required additional time to source.

U.S. officials and analysts attributed the theft to North Korea. The attackers laundered the funds through over 20,000 digital wallets and at least 65,000 transactions across multiple blockchains within a week.

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