Binance co-CEO Richard Teng has confirmed that no customers lost money in the recent North Korea-linked security attack.

According to Teng, Binance is covering the entire loss itself and has already restored 98% of the affected assets. The remaining 2% involve less liquid tokens that need more time to buy.

But here's what matters most. This was not a small security issue. The attackers reportedly spent months using fake job interviews, malicious software and AI techniques to target Binance.

Teng says Binance has closed the entry points, rebuilt affected systems and strengthened its security.

My take is simple. A security attack is serious, but how a company responds matters even more. Binance choosing to cover the losses instead of passing them to customers is the right move. However, protecting users also means making sure this never happens again.

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