The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.
This story was originally published by Cointelegraph.
Over $389 million worth of XRP has been moved by Ripple amid the ongoing market volatility, sparking concerns about what the blockchain firm could be up to.
Even as the largest exchange hack in history continues, Elon Musk’s Grok AI predicts something potentially historic could happen to Bitcoin by January 1, 2027. The Binance hack currently stands at…
▶What happens to reserve assets when you’re not allowed to sell them? Doomberg argues that U.S. pressure on allies to hold their Treasuries changes the math for central banks, and that in a crisis…
Binance has allocated $6.34 billion to cover hack losses, while industry partners have frozen another $3 billion in affected assets.
Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.
Israel's Supreme Court ruled that exploiting a coding flaw can count as computer intrusion, even when the software allowed the transaction.
