Binance sets aside funds to cover hack losses, to be included in proof-of-reserves report
CRYPTOBinanceredteam/daily · 1 source
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What happened
Binance says it has set aside more than $6.34 billion to cover losses linked to a hack, and the headline cites $5 billion in matching tokens. The exchange will include these assets in its next proof-of-reserves report. The article gives no further detail on the hack itself.
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Who reported · 1 outlet
Cointelegraph (Hacks)
Who and what is in it
Companies