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Binance’s $6.3 Billion Security Crisis Puts Exchange Reserves
Binance has promised to absorb all customer losses following a security breach that could reshape the cryptocurrency industry's approach to exchange risk. The October 29 attack affected approximately $6.3 billion in digital assets, according to the exchange, and has triggered an unprecedented effort involving stablecoin issuers, blockchain analytics firms and law enforcement agencies.Although Binance says customer funds are safe, the incident has exposed a...
