CryptoDecryptabout 1 hour ago
Binance Reserves 6.34 Billion to Cover Hack
3 min read
Binance CEO Richard Teng announced the exchange reserved over $6.34 billion of company funds to cover all hacked losses, stating customer assets remain safe. The incident involved a North Korean group stealing roughly $6.3 billion from a hot wallet, prompting a security review and a plan to restore withdrawals by Sunday.
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