Binance restores all $6.3 billion stolen in October hack

Investing.com -- Binance has fully recovered all $6.3 billion in digital assets stolen from customers during an October cyberattack, the cryptocurrency exchange announced Thursday.

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The theft occurred on Oct. 29 in what authorities and analysts have attributed to North Korea. The attack targeted various cryptocurrencies, including Bitcoin and less common tokens that required additional time for Binance to locate and repurchase.

Binance used a combination of company profits and emergency reserves to quickly restore most of the stolen tokens within days of the breach. The exchange had previously stated that approximately 10% of the funds would need more time to recover.

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"To our users and community: thank you for your patience and understanding," Binance wrote in a post on X.