Binance details $6.34 billion hack, says 98% of stolen crypto replenished
Binance disclosed that attackers spent months preparing an Oct. 29 breach that netted $6.34 billion in crypto, starting with a tampered software installation downloaded by a wallet DevOps engineer in June. The company says it has rebuilt the affected wallet system and internal AI tools, replaced compromised devices, and revoked credentials tied to exposed staff. Co-CEO Richard Teng said Binance has replenished 98% of the stolen assets and is still buying back remaining, less liquid holdings.