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CryptoNYT Technologyabout 4 hours ago

Binance Hack Losses Reach $6.3 Billion

1 min read

Binance reports a security breach causing an estimated $6.3 billion in losses, the largest in crypto history. The firm froze about $3 billion on-chain and suspended deposits while promising to cover all losses from its SAFU and own funds. North Korea's Lazarus Group linked to theft. Stablecoin issuers Tether and Circle froze over $2 billion.

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How outlets covered it

Cointelegraph and Gizmodo lead with the investigation, while The Block and NYT Technology emphasize the specific loss amounts, and scmp.com highlights the pledge to cover the damages.