Binance recovers 95% of hacked assets; Jack demands plan to prevent re-theft

Binance has replenished 95% of assets stolen in its recent security breach, while industry figures call for exchanges to disclose concrete anti-retheft plans. JackYi, founder of Liquid Capital, said in an X post reported by Foresight News on November 2 that the core issue is how exchanges, including Binance, will prevent a second theft, noting Binance's earnings are sufficient to absorb the loss and that its asset safety and liquidity remain intact, unlike in the FTX collapse. The breach, disclosed by Binance on October 30, involved a compromise of a hot wallet. JackYi also raised questions about whether hackers' attack capabilities now outpace exchange defenses in the AI era and whether attackers left additional risks within exchanges. Watch for further details on the breach's scope and exchanges' security remediation measures.