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Crypto Regulation

Binance Says It Has Recovered 90% of Stolen Assets

Binance said on October 31 that it has recovered 90% of the assets stolen in a security incident, using its own funds to buy replacement tokens. The remaining 10% involves less liquid tokens, and amassing the needed quantity may take longer. The exchange said it is working with industry partners to complete the purchases and will keep publishing updates.

Original source

AI take

The recovery is notable less for the headline percentage than for the method: Binance is absorbing the loss with its own balance sheet and buying back tokens on the open market, which effectively turns an exchange's incident response into a liquidity problem. The residual 10% is the telling part — illiquid tokens are where restitution gets slow and where affected holders feel the difference between a promise and a payout. What's worth watching is whether the outstanding purchases clear without moving those thinner markets, and whether the public update cadence holds as the easy recoveries give way to the hard ones.

Generated by AI for reference only.

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