Binance resumes withdrawals following $6.3 billion breach
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Cryptocurrency exchange Binance began phased withdrawals on Sunday after hackers stole $6.3 billion in a security breach. Binance stated it has covered 95% of the stolen assets and will absorb all financial losses without passing them to users, while working to source remaining less liquid assets. Deposits and withdrawals were initially frozen as a precaution during incident containment and security checks, with network statuses currently mixed across different asset types.
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