Binance Says $6.3B Hack Victims Fully Repaid — But the Proof Is Still Pending
Binance announced Thursday it has replaced every token lost in its record $6.34B hack on Oct 29, paid from its SAFU fund, futures insurance reserves and corporate treasury. Customers won't bear the loss, the exchange says.
The catch: the new Proof of Reserves snapshot covers 198 tokens, but the zero-knowledge proof that lets users independently verify 1:1 backing is still being generated — 40–50 hours, per Binance.
The FBI blames North Korea's TraderTraitor unit. About $2.85B was frozen or intercepted; roughly $3B remains unfrozen in linked wallets.
Not financial advice.
$BNB #Binance #CryptoNews
Binance announced Thursday it has replaced every token lost in its record $6.34B hack on Oct 29, paid from its SAFU fund, futures insurance reserves and corporate treasury. Customers won't bear the loss, the exchange says.
The catch: the new Proof of Reserves snapshot covers 198 tokens, but the zero-knowledge proof that lets users independently verify 1:1 backing is still being generated — 40–50 hours, per Binance.
The FBI blames North Korea's TraderTraitor unit. About $2.85B was frozen or intercepted; roughly $3B remains unfrozen in linked wallets.
Not financial advice.
$BNB #Binance #CryptoNews
