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

Binance co-CEO Richard Teng said on Tuesday the company is in very strong financial health and a "post mortem" of its $6.3 billion cyber heist will be released in due course.

Teng told a Hong Kong Fintech Week event Binance's hourly inflows and outflows had "pretty much normalised" and 95% of the affected tokens had been replenished.

Binance said earlier that customers had withdrawn a net $4.72 billion as of Monday after the exchange was hit last week with what could be the largest-ever financial heist.


The FBI said at the weekend that North Korea was responsible for the theft of more than $6 billion in crypto assets, a crime that sent shockwaves through the industry. North Korea rejected the allegations and said they were "absurd rhetoric".