Binance Lacks Cyber Insurance for $6.3 Billion Hack, Bloomberg Law Reports

1h ago

TLDR — The exchange says it reserved more than $6.

Signal data▼ Bearishconfidence 90%High materiality

AssetEventregulationEvent timeNov 3, 11:59 UTCAttention0 readers/hrNormalSmart readers0

The exchange says it reserved more than $6.34 billion in company funds and is drawing on emergency and futures reserves to replace stolen assets.... Read the full story at The Defiant

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