After hackers stole an unprecedented $6.3 billion from Binance users, the cryptocurrency exchange announced that it has already replaced 90 percent of the missing funds. The company's chief executive confirmed that Binance is covering the losses directly and intends to reimburse the remaining 10 percent as well.
The rest of the stolen assets will take longer to replace because they consist of "less liquid" tokens, according to the company. Unlike mainstream digital currencies, less liquid tokens are traded in smaller volumes, which means the exchange may need more time to purchase them without causing market disruptions.
Customer withdrawals currently remain paused following the record-breaking heist, but Binance stated in a post on X that account access is on track to reopen on Sunday, November 1. The company pledged to fully cover the financial impact of the attack and promised further updates as soon as withdrawal services resume.