The $6.3 billion hack at Binance could prompt investors to place a higher valuation on custodians and digital asset protection infrastructure. Binance CEO Richard Teng said Tuesday that the company had replenished 98% of the affected assets, totaling $6.34 billion. Teng said Binance was still buying the remaining less liquid assets. Binance’s response, along with assistance from other cryptocurrency companies, helped prevent the security breach from escalating into a broader crisis of confidence. Morgan Stanley said recurring security breaches could prompt investors to entrust their assets to independent custodians while continuing to trade on centralized exchanges.