Binance says 90% of stolen assets replenished, targets Sunday withdrawals

Binance said Saturday it had replenished 90% of the assets stolen in its $6.3 billion hack, up from 80% a day earlier, and remained on track to resume withdrawals Sunday.

The exchange is using a combination of its corporate treasury, a partial deployment of its Secure Asset Fund for Users (SAFU) and a portion of its futures insurance fund, a spokesperson told Cointelegraph.

“Binance will absorb the financial impact of the stolen funds, not users,” the spokesperson said, adding that the insurance fund would remain above required risk management levels.

The update follows Thursday’s theft, the largest cryptocurrency hack on record, which TRM Labs has since attributed to North Korea’s TraderTraitor hacker group.