Binance Replaced 90% of Assets Stolen in $6.3B Crypto Hack

A $6.3B Binance hot-wallet breach, enabled via EIP-7702 approval abuse, is the largest exchange hack on record. Binance covered 90% of losses with corporate funds and earmarked roughly $6.34B, but paused withdrawals and unresolved illiquid tokens keep counterparty risk elevated. Expect defensive positioning, higher perceived exchange risk, and pressure on crypto liquidity until withdrawals resume and full restitution is confirmed.