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Binance Hack Losses Reach $6.3 Billion
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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