Binance Customers Hit by $6.3 Billion Hack Are Fully Repaid, Exchange Says

Binance said it has fully reimbursed customers affected by a $6.3 billion hack, replacing all lost assets. The exchange’s claim is now pending a proof-of-reserves check that users are awaiting to confirm the repayment. The event matters because it tests confidence in Binance’s balance sheet and reserve transparency after one of the largest exchange losses on record. What to watch next is the outcome of the proof-of-reserves review and whether it verifies that customer assets are fully backed.