Binance said it had replaced all US$6.3 billion in crypto assets stolen in the Oct. 29 hack with profits and emergency funds.

Most tokens were replaced within days, while the final 10% took longer to source.

The US government and analysts blamed North Korea for the theft.

The hackers laundered the funds through thousands of digital wallets, multiple blockchains, and memecoins.

Blockchain analytics firm Elliptic said the operation used more than 20,000 wallets and at least 65,000 transactions within a week.

Blockchain security firm Chainalysis also pointed to Chinese money-laundering networks’ role in cashing out the funds.

Binance said SAFU, or Secure Asset Fund for Users, is a customer protection fund funded by part of trading fees for extreme cases.

Full reimbursement after crypto hacks has varied across exchanges, and the breach has been described as the largest crypto hack.

Policy analysts said the incident could intensify cross-border scrutiny of sanctions controls, anti-money laundering checks, and custody practices at exchanges.

🔗 Source: Bloomberg

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