Cryptocurrency exchange Binance has replaced 90% of the assets stolen in a record $6.3 billion hack by using its own funds to purchase replacement tokens, the company said on Saturday.
The remaining 10% comprises less liquid tokens, which could take longer to acquire, Binance said in a statement posted on X.
"We've now replenished 90% of the stolen assets, and we're committed to covering the remaining 10%. Our users will not bear the financial impact of this incident," co-CEO Richard Teng said in a post on X on Saturday.
Cryptocurrency prices declined on Friday as Binance, the world's largest cryptocurrency exchange, sought to reassure customers that their funds remained safe following the theft of more than $6 billion worth of digital assets.
Teng said on Friday that the breach was a "complex attack" involving a compromised laptop and malicious software designed to erase evidence of its activities, making the incident more difficult to trace and investigate.