Binance sets aside $6.34B to cover losses from historic crypto hack
AI summary
Binance said it has reserved more than $6.34 billion in company funds to cover losses from a historic hack suffered on Thursday, with $5 billion held in the affected tokens and other purchases still being completed. The largest crypto exchange is preparing to restart normal operations. A breach of this scale at the industry's biggest venue tests confidence in exchange custody and could weigh on BNB and broader market sentiment even as Binance signals it can absorb the losses.
Narrative history
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38M AGOCointelegraph · Score 85 · via $6.3B, aside
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1H AGOCointelegraph · Score 55 · via aside, aside $6.3B
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1H AGOYou’re reading thisBinance sets aside $6.34B to cover losses from historic crypto hackBitcoin.com News · Score 85
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1H AGOcrypto.news · Score 85 · via $6.3B hack, hack
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1H AGOCoinDesk · Score 25 · via Binance hack, hack
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2H AGOCrypto Briefing · Score 75 · via Binance aside, aside $6.3B
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2H AGOCryptoSlate · Score 78 · via Binance finds, additional
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2H AGOCoinDesk · Score 85 · via Binance hack, hack
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2H AGOThe Defiant · Score 55 · via $6.3B hack, $6.3B
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3H AGOcrypto.news · Score 78 · via cover losses, $6.3B
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3H AGOCointelegraph · Score 55 · via $6.3B hack, $6.3B
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4H AGODecrypt · Score 85 · via $6.3B Hack, $6.3B
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7H AGOcrypto.news · Score 92 · via $6.3B, hack
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7H AGOCointelegraph · Score 72 · via North Korea, North
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8H AGOU.Today · Score 85 · via Historic Hack, Historic
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8H AGOThe Defiant · Score 82 · via withdrawals stay, withdrawals
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9H AGOThe Defiant · Score 85 · via $6.3B, estimates $6.3B
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9H AGOThe Defiant · Score 72 · via Binance Expects, Withdrawals Within
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9H AGOCoinDesk · Score 88 · via Binance hack, $6.3B Binance
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10H AGOCryptoPotato · Score 90 · via $6.3B hack, $6.3B
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11H AGOThe Block · Score 85 · via cover user, user losses
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14H AGOCointelegraph · Score 85 · via Binance hack, Bitcoin slides
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16H AGOCrypto Briefing · Score 72 · via Binance hack, freezes
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16H AGOBeInCrypto · Score 95 · via Binance confirms, hack
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16H AGOCrypto Briefing · Score 78 · via Binance hack, freezes
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16H AGOCoinDesk · Score 85 · via Binance hack, hack
