CryptoQuartzabout 1 hour ago
Binance absorbs $4.7 billion in hack losses
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Binance absorbed $4.7 billion in withdrawals following a record North Korea hack. The exchange detected the theft Thursday evening involving about $6.3 billion in tokens. Binance reopened withdrawals Sunday after restoring roughly 95% of funds using its Secure Asset Fund for Users and corporate reserves.
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