Big news in the crypto world: Binance has finished replacing all $6.34 billion that was stolen during a massive hack on October 29.
Thanks to its emergency funds and some quick action, everyone who lost money is getting fully reimbursed.
The exchange spent two weeks buying back tokens to make sure no user was left out.
Attack linked to North Korea's TraderTraitor
The attack, now the biggest reported crypto theft in history, hit assets across 10 different blockchains and has been linked to North Korea's TraderTraitor group.
Binance said nearly $3 billion in stolen assets had been frozen or intercepted shortly after the hack, and it was reportedly working with the FBI to recover these funds.
To boost trust, Binance just published a new Proof of Reserves for 198 tokens, showing it can cover everyone's assets one-to-one, with full verification coming soon.