Binance: 90% of stolen assets replenished

 Binance Holdings Ltd. said on Saturday that 90% of stolen crypto assets in the latest security incident were already replenished.

"All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed 100%. We will continue to buy the remaining relevant token assets through market and [Over-the-Counter] OTC channels until the covered amount reaches 100% for all tokens," the crypto exchange said, stressing that it will "absorb the financial impact of these stolen funds, not our users." It added that the remaining 10% includes tokens outside the top ten cryptocurrencies, which are less liquid and may take longer to acquire them in the required amounts.

Binance further said it targets Sunday, November 1, for reopening withdrawals, adding that it will provide a new update "as soon as details are confirmed."

https://breakingthenews.net/Article/Binance:-90-of-stolen-assets-replenished/67450776