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Binance Recovers 90% of Stolen Funds, Aims for Swift Withdrawals

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Binance has successfully replenished around 90% of the assets stolen during its recent hack. The exchange continues to acquire replacement tokens, including less-liquid assets, through market and over-the-counter purchases to cover the remaining shortfall.

CEO Changpeng Zhao announced that Binance targets to resume withdrawals from stolen funds by Sunday, signaling a quick recovery and commitment to user security.

The progress highlights Binance’s resilience amidst crypto security challenges and its dedication to safeguarding customer assets.

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