How much of the stolen crypto has been recovered?

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US$7 Million of Stolen Cryptocurrency Recovered

Approximately US$7 million of the cryptocurrency stolen from Binance has been recovered. The total amount stolen from the exchange was estimated to be around US$100 million, with some reports indicating a figure between US$100 million and US$110 million.
Details of the Theft

The theft occurred due to an exploit on a cross-chain bridge known as the BSC Token Hub. This exploit led to the unauthorized production of Binance's dedicated currency. Company chief Changpeng Zhao confirmed on Twitter that the issue has since been contained and that customer funds remain secure.
Scale of the Incident

This incident ranks among the most significant cryptocurrency thefts, although it is surpassed by the over US$500 million heist from the Axie Infinity blockchain game earlier in the year. The exploitation of cross-chain bridges, which facilitate asset movement between different blockchains, is an increasingly common tactic used by scammers.
Broader Trend of Bridge Exploits

The Binance incident follows similar attacks on crypto firms like Nomad, where almost US$200 million was stolen last month, also involving exploited bridges. Crypto analysis firms have noted that bridge exploits have accounted for approximately US$2 billion in thefts this year alone. These bridges often hold substantial amounts of locked assets across various blockchains, making them attractive targets for cybercriminals.

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