2026-10-31 17:50:57
Binance Covers 90% of $6.3B Hack Loss, Plans to Restore Withdrawals on November 1
According to Binance, on October 31, the exchange covered approximately 90% of the $6.3 billion in cryptocurrency stolen in an early-week hack. The platform used company funds, its Secure Asset Fund for Users (SAFU), and futures insurance reserves to provide replacement assets across 10 cryptocurren