Binance said Saturday that it has covered up to 90% of the roughly $6.3 billion in token assets stolen from its hot wallets in a record crypto theft announced Thursday.
Binance said it will continue to buy the remaining relevant token assets through market and over-the-counter channels until the covered amount reaches 100% for all tokens.
"All BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are fully backed 100%," Binance said in a statement. "Binance will absorb the financial impact of these stolen funds, not our users."
The exchange said the outstanding 10% consists of tokens outside its top 10 that are "less liquid, which means they may take longer to source in the required amounts."
Binance said it is tapping its Secure Asset Fund for Users (SAFU), a portion of its Futures insurance fund, and its corporate treasury to replenish the assets.