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Binance Reports $5.3 Billion in Net Outflows Following Record Hack
(9 hours ago) · 1 source · Summarized by CryptoBipto
Binance has experienced $5.3 billion in net outflows following what is described as a record hack of the exchange. The company's CEO has stated that recovery efforts are underway. The full extent of the breach and its impact on customer funds remains a developing story.
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A cryptocurrency exchange is like a bank where people store their digital money.
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SOURCES
- coindesk.com
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