CryptoThe Blockabout 2 hours ago
Binance Reserves 6.34 Billion To Cover Hack
2 min read
Binance co-CEO Richard Teng announced Friday that the exchange reserved $6.34 billion to cover losses from a Thursday hack. While the exchange holds $5 billion in affected tokens, it buys the remaining $1.3 billion. Industry partners froze roughly $3 billion, including $1.57 billion in USDT and $800 million in USDC.
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