Crypto firm Binance covers 90% of losses after $6.3bn hack

BBC: The remaining 10% may take longer to source in the required amounts, the company added.

Binance has consistently pledged to cover 100% of the losses from what is suspected to be crypto’s biggest hack on record and said it has set aside more than $6.34bn in company funds to do so.

“Binance will absorb the financial impact of these stolen funds, not our users,” the company said in a statement on Saturday…

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