‘Binance will absorb impact, not users’: Crypto giant sets aside $6.34 bn to cover losses
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
Binance has encountered a serious security breach, with $6.3 billion in digital assets being stolen. To safeguard its users, the exchange will utilize its Secure Asset Fund for Users to absorb the losses. Collaborating with law enforcement, approximately $3 billion in stolen cryp...
Binance has encountered a serious security breach, with $6.3 billion in digital assets being stolen. To safeguard its users, the exchange will utilize its Secure Asset Fund for Users to absorb the losses. Collaborating with law enforcement, approximately $3 billion in stolen cryptocurrency has been successfully frozen across multiple blockchains.
Original Source
https://timesofindia.indiatimes.com/business/international-business/binance-will-absorb-the-impact-not-users-crypto-exchange-sets-aside-6-34-billion-to-cover-hack-losses/articleshow/135398082.cms
