Binance halves SAFU Bitcoin holdings to cover hack losses
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Binance’s SAFU Bitcoin wallet holds about 7,500 BTC worth $583 million after a 7,499 BTC transfer following a $6.3 billion hack. The FBI attributed the attack to North Korea's TraderTraitor. Binance has replenished about 95% of affected assets using corporate funds, SAFU, and futures insurance, with no timeline to restore the $1 billion fund value.
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