Binance co-CEO says company is in very strong financial health after $6.3 billion heist

Binance co-CEO Richard Teng declared the company to be in robust financial condition following a cyber heist that cost the exchange US$6.3 billion. Speaking at a Hong Kong Fintech Week event on November 3, Teng stated that the company's hourly inflows and outflows had largely returned to normal and that 95% of the affected tokens had been replenished. The incident saw customers withdraw a net US$4.72 billion as of Monday. The FBI attributed the theft to North Korea, an accusation the regime rejected as "absurd rhetoric."