Binance sets aside funds to cover hack losses, to be included in proof-of-reserves report

Binance◼ says it has set aside more than $6.34 billion to cover losses from a hack, with the headline citing $5 billion in matching tokens, so the two figures should be checked against the full report. The assets will be included in the exchange's next proof-of-reserves report. The article does not name the attack vector, the affected systems or any CVE. No defender action is indicated.

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