Binance "5% recovery of hacked assets delayed"...struggling to secure low-liquidity tokens
Original headline바이낸스 “해킹 피해 자산 5% 복구 지연”…저유동성 토큰 확보 난항
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Binance said it has replenished roughly 95% of the assets stolen in a major hack, but recovery of the remaining 5% is delayed by difficulty sourcing illiquid tokens. The exchange reaffirmed it will absorb customer losses itself and is progressively reopening crypto withdrawal services network by network, according to a recovery update published on the 2nd and reported by CryptoSlate on the 3rd. The shortfall highlights how low-liquidity tokens can bottleneck even a well-capitalized exchange's ability to make victims whole after a breach. Binance did not specify in the report which tokens remain outstanding or a timeline for full restoration. What to watch next: the pace of network-by-network withdrawal resumptions and whether Binance discloses the identity and value of the illiquid tokens still being sourced.
Muhabbit's AI wrote this summary in its own words from Block Media's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, CryptoSlate