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Binance says 98⁠% of hacked assets replenished, widens reserve snapshot to 44 tokens

DevelopingThe Binance Hack11 flashes2 stories

Binance said in its seventh incident update that it has refilled about 98% of the assets hit in last week's hack from its own funds, and will buy the last 2% of thinly traded tokens on the open market and over the counter. A new proof-of-reserves snapshot taken at 00:00 UTC on Nov. 4 covers 44 tokens, up from 10, with the full zero-knowledge proof expected to take 50 to 60 hours. Co-CEO Richard Teng put the amount frozen or intercepted so far at about $2.85 billion. Source: The Daily Hodl

Also

More from the wire

Sherrod Brown wins Ohio Senate seat back despite heavy crypto spending

Former Senate Banking Committee chair Sherrod Brown beat Republican Sen. Jon Husted in Ohio, two years after a crypto-funded campaign helped push him out. Politico put industry spending on this year's race above $55 million, while Reuters counted more than $68 million before the vote. With Democrats now holding the Senate, Elizabeth Warren rather than Brown is expected to lead the Banking Committee. Source: American Banker

US

Liquid Network says LBTC is fully backed again two months after $320 million exploit

The Liquid Federation said on Tuesday that its bitcoin reserves again cover all LBTC one-to-one, closing a gap left by a Sept. 6 exploit that drained about 4,000 BTC. The attacker returned roughly 3,400 BTC a day later; the last 550 BTC arrived in two deposits on Monday, which a Federation board member attributed to Blockstream. The Federation says governance and security changes will follow in the coming weeks. Source: The Block

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