Binance co-CEO says customers won't lose a dime after massive $6B heist

What happened

Binance co-CEO Richard Teng reveals Binance used dedicated reserve funds to cover the massive North Korea-linked crypto theft, with 98% of assets already replenished. Fox Business ↗

Also reported

Binance has replenished 98% of $6.34 billion in affected assets, according to a security report the crypto exchange issued Tuesday. CNBC ↗

Sources

• Binance co-CEO Richard Teng says hackers used fake job interviews, AI tool to steal $6.3 billion in crypto CNBC
• Binance details how a fake job interview led to a $6.3B crypto heist Fox Business
• Binance co-CEO says customers won't lose a dime after massive $6B heist Fox Business
• Binance customers withdraw $7.42 billion after crypto heist CBS News
• Binance customers withdraw nearly $5 billion following record cryptocurrency hack Riviera Radio
• Binance Flips to $1.82 Billion in Daily Net Inflows After Withdrawal Restart The Defiant