Binance loses $6B in hack, covers losses from own funds
Published 1 d ago3 sourcesEvidence: Reported
Binance expects to fully resume withdrawals by next week, having already restored partial service this month after covering 95% of the $6.3 billion in tokens stolen from its platform. The remaining 5% of losses remain uncovered, and the timeline for full resumption is a company estimate. This signals a recovery from a major security breach, but the incident's impact on market confidence and regulatory scrutiny persists.
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