Binance says it has replaced 90% of the roughly $6.3 billion taken in its hack, and Bitcoin is trading back above $77,000. BTC stood at $77,426 at last check, up 0.84% over 24 hours. The bounce is modest. The breach spent the week pulling money out of crypto funds across the board. The exchange said…
Summary
- Binance says it has replaced 90% of the roughly $6.3 billion taken in its hack, and Bitcoin is trading back above $77,000.
- The exchange said ten cryptocurrencies are now fully backed, including bitcoin, ether and XRP.
- The rest of the shortfall sits in less liquid tokens, which Binance said it is still sourcing on the open market.
- That date is the exchange’s own, and the full-backing claim for the major assets rests on Binance’s statement until customers can actually move funds off the platform.
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