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Richard Teng: 90% of stolen crypto assets replenished, Binance aims to cover remainder

Richard Teng: 90% of stolen crypto assets replenished, Binance aims to cover remainder
Binance restores 90% of stolen assets

Binance has replenished 90% of the crypto assets stolen in a recent incident, with a commitment to cover the remaining 10% so users will not bear any financial loss.

Richard Teng, CEO of Binance, added that an updated Proof of Reserves has also been shared following the incident.

Binance recently recorded $163 million in net equity inflows, its highest since July, according to company data. CEO Richard Teng has also emphasized user demand for easy movement between digital assets, stablecoins, and traditional finance, as noted in a previous statement. The firm continues to focus on operational transparency and user protection.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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