Binance hack losses shift to reserves, insurance, shareholders; trust recovery uncertain

A cryptocurrency platform hack, exemplified by the Binance incident, imposes losses that are not erased by customer compensation but are redistributed to company reserves, insurance, lenders, and shareholders, with customers potentially bearing part of the cost. The core claim is that compensation shifts the burden rather than eliminating it, while regulatory oversight of withdrawals and restoring trust remain unresolved challenges.

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