Binance arranges $6.34 billion to cover losses from record crypto hack
Summary
Cryptocurrency exchange Binance has set aside corporate funds to address losses from a major digital asset security breach. The platform successfully froze a significant portion of the stolen capital as part of its recovery efforts.
Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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