90 percent of stolen assets replenished, Binance CEO says as withdrawals remain paused
Funds restored so far
Binance’s CEO said the company has replaced 90 percent of the funds taken from customers. The theft involved $6.3 billion in cryptocurrency, according to the report. Binance is paying to replace the stolen assets itself. The report does not identify the CEO by name.
Remaining tokens may take longer
Binance says it intends to cover the outstanding 10 percent as well. Those assets consist of tokens that are less liquid, making them harder to acquire quickly. The company said its commitment is to cover the full financial impact of the incident. In a post on X, Binance also pledged progress updates and concrete action.
Withdrawals remain paused
Customers cannot yet withdraw funds, but Binance said withdrawals are expected to be enabled on Sunday. The company described the restart as being on track. The timing is presented as a plan, not as confirmation that withdrawals have resumed. Binance’s update links the restoration effort with the expected reopening of withdrawals.
Key points
- Binance says 90 percent of the stolen crypto has been replaced.
- The company plans to cover the remaining 10 percent, which consists of less-liquid tokens.
- Withdrawals remain paused, with Binance saying they are expected to resume Sunday.