Binance reports $6.3 billion client-asset breach, largest crypto hack on record
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Binance said Friday that unauthorized transfers via compromised withdrawal systems affected about $6.3 billion in client assets, the largest crypto hack on record. Roughly $3 billion was frozen on blockchains as recovery began; the company saw no evidence that wallet private keys leaked. Binance pledged to cover customers using its roughly $1 billion SAFU emergency fund and more than $6.3 billion of its own funds set aside for the losses.
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