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How Binance Paid Back $6.3 Billion Lost in North Korea-Linked Hack

TLDR Binance says it has replaced all $6.34 billion in crypto stolen in the October 29 hack. The money came from its SAFU fund, futures insurance fund and corporate treasury. Binance plans to refill SAFU to roughly $1 billion. A new reserve snapshot covering 198 tokens shows 1:1 backing for user balances. Nearly $3 billion [...]

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Source: Blockonomi →