$LINK Binance co-CEOs Yi He and Richard Teng said the exchange has already covered about 80% of the roughly $6.3 billion lost in its security incident and will absorb the full cost itself. In a letter to users dated Friday, October 30, they said Binance’s hot wallets were compromised at about 20:05 UTC on October 29.
“Binance will absorb the financial impact of these stolen funds, not our users,” they wrote.