98% of tokens hit by $6.34B hack are back, Binance's Richard Teng says
Binance co-CEO Richard Teng says 98% of the tokens affected by a $6.34 billion hack have now been replenished. The update, flagged by Cointelegraph, puts the recovery effort close to the finish line, with a slice still outstanding.
Binance co-CEO Richard Teng says the cleanup after a $6.34 billion hack is nearly done. In an update flagged by Cointelegraph, Teng put the replenishment figure at 98% of the tokens that were impacted. That leaves a thin remaining slice before the books are fully squared.
The headline number is the $6.34 billion total — a hefty figure that made the hack one of the larger hits the industry has absorbed. Teng's 98% reading means the vast majority of what was drained has been put back. The final 2% is the loose end still hanging.
Teng's word carries weight because of where he sits: he's co-CEO of Binance, one of the largest crypto exchanges on the planet. When a figure like this comes from that chair rather than a rumor mill, the market tends to take note. It's a progress marker, not a victory lap — the number isn't 100% yet.
What the update doesn't do is spell out which tokens make up the leftover 2%, or where the rest of the timeline lands. Cointelegraph carried the comment as a breaking update, with no further detail attached. For now, the picture is one number: 98%, replenished.
Expect eyes to stay on the outstanding remainder and on any further word from Teng as the last of the tokens are replaced. Until that final chunk is accounted for, the story stays open.
TopicsBinance · Richard Teng · Cointelegraph
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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