Binance Confirms Full Backing for 10 Cryptos Post-Hack
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Binance announced that 10 cryptocurrencies are now fully backed following the replenishment of 90% of assets stolen in a recent security incident.
MissedBlock Desk · 1 min read
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10 Cryptos Fully Backed as Binance Narrows Shortfall
Binance announced that 10 cryptocurrencies are now fully backed following the replenishment of 90% of assets stolen in a recent security incident. The cryptocurrency exchange is reportedly sourcing less liquid tokens to cover the remaining shortfall, with a target of resuming withdrawals by Sunday.
The update, shared on X (formerly Twitter) as part of the exchange’s third security incident report on October [date of report], detailed the ongoing efforts to restore full backing for all digital assets. While the majority of the stolen funds have been recovered or replaced, Binance is actively working to secure less commonly traded tokens to address the final gap. The exchange has not yet specified which 10 cryptocurrencies have achieved full backing.