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Binance Covers Most of $6.3B Hack Losses | Markets & Money News
Binance has announced it has covered 90% of the losses from the recent $6.3 billion hack, a significant relief for affected users. The exchange plans to buy back the remaining tokens using its resources, including the Secure Asset Fund for Users, until full coverage is achieved. They intend to resume withdrawals by Sunday, pending security checks. Meanwhile, investigations suggest the attack may have involved sophisticated methods, potentially linked to North Korean hackers, as details remain
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