Binance Secures $6.34B to Cover Losses From Historic Crypto Hack
Through its social media channels, Binance announced it had already reserved over $6.34 billion in company funds to cover losses from the hack suffered on Thursday, with $5 billion held in the tokens impacted, while other purchases are being completed. Binance Prepares to Restart Normal Operations Binance, the largest cryptocurrency exchange, is preparing to resume […]
Key Takeaways
- Through its social media channels, Binance announced it had already reserved over $6.34 billion in company funds to cover losses from the hack suffered on Thursday, with $5 billion held in the tokens impacted, while other purchases are being completed.
- Binance Prepares to Restart Normal Operations Binance, the largest cryptocurrency exchange, is preparing to resume […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Israel Extradites Alleged Nomad Bridge Exploiter to US Over $2.8M Theft: Report
Israel's Supreme Court ruled that exploiting a coding flaw can count as computer intrusion, even when the software allowed the transaction.
Trezor Issues Safe 5 Warning as Hardware Implant Raises Security Concerns
TL;DR: Trezor issuses Safe 5 warning and urged customers who purchased hardware wallets through CryptoBilis since March 2026 to transfer their funds to a new device. The warning follows a disclosure alleging that a Safe 5 wallet contained a hidden cellular…
Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day
Just as Hyperliquid opened the door to a fully regulated perps offering inside the U.S., Binance suffered the biggest hack in crypto history.