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Binance Says It Has Replaced 90% of Funds After $6.3 Billion Breach
(3 hours ago) · 1 source · Summarized by CryptoBipto
Binance has stated that it has replaced 90% of the cryptocurrency stolen in a $6.3 billion security breach. The exchange says it is continuing efforts to recover and replace the remaining funds. Details about the breach and the full timeline of recovery remain limited based on available reporting.
WHY IT MATTERS
When you store cryptocurrency on an exchange, you are trusting that company to keep your funds safe — similar to keeping money in a bank.
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SOURCES
- coindesk.com
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