Binance Sets Aside $6.34 Billion to Cover Losses From Hack

Binance Sets Aside $6.34 Billion to Cover Losses From Hack

Binance, a crypto exchange where people trade digital money, has set aside about $6.34 billion of its own funds to cover losses from a $6.3 billion hack. Users will not pay. With partners, it has frozen the affected assets, blocking their movement, and located about $3 billion so far. North Korea denies U.S. claims it carried out the hack.

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