Binance has almost completely covered the damage from the hacker attack

Binance reported recovering 90% of the $6.3 billion lost in a recent hack, attributed to suspected North Korean hackers. The exchange stated that it is using its own resources to cover the losses, including a $1 billion security reserve. Binance aims to ensure that users do not bear the financial consequences of the incident. The hack has raised concerns about potential regulatory responses in the cryptocurrency sector due to the significant losses and the method of the attack.