HONG KONG: Binance cryptocurrency heist outflows have normalised, and the firm remains financially strong, its co-CEO said on Tuesday.
The statement comes as North Korea rejected US claims linking Pyongyang to the major cyber attack. The world’s largest crypto exchange faced net user withdrawals of $4.72 billion after a security breach last week.
Speaking in Hong Kong, Binance Co-CEO Richard Teng said withdrawal spikes ended quickly. He noted that hourly deposits now exceed withdrawals.
“The company is in very strong financial health,” Teng said. He added that the firm replaced 95% of affected tokens. Binance also launched a reward program to support user activity.
Read: Binance Hack Affects $6.3bn as Firms Freeze $3bn in Assets
Meanwhile, North Korea denied claims by the Federal Bureau of Investigation linking it to the theft of over $6 billion in crypto assets. Kim Yo Jong, sister of North Korean leader Kim Jong Un, called the US accusations absurd rhetoric.
Blockchain firms estimate that North Korean hackers stole $7.6 billion in cryptocurrency this year. Pyongyang continues to deny any role in global cybercrime.
Read: Binance Hack: FBI Blames North Korea for $6.3bn Theft
Binance co-CEO Richard Teng said asset outflows have normalised after a major crypto heist, as North Korea rejected US claims linking it to the attack.
(With additional input from Reuters)
