This Is What Binance Has Done Following $6.3B Hack
🔒 Binance co-CEO Richard Teng announced the exchange will cover all losses from a security breach estimated at $6.3 billion, emphasizing that customer funds are safe.
🕵️♂️ Investigations revealed multiple points of attack beyond a compromised laptop, and Binance is collaborating with law enforcement to trace and recover stolen funds, with $3 billion already frozen on-chain.
📉 Public reaction has been mixed, with some praising Binance's transparency while others express distrust, as the hack caused significant market volatility, impacting Bitcoin and Ethereum prices.
🔒 Binance co-CEO Richard Teng announced the exchange will cover all losses from a security breach estimated at $6.3 billion, emphasizing that customer funds are safe.
🕵️♂️ Investigations revealed multiple points of attack beyond a compromised laptop, and Binance is collaborating with law enforcement to trace and recover stolen funds, with $3 billion already frozen on-chain.
📉 Public reaction has been mixed, with some praising Binance's transparency while others express distrust, as the hack caused significant market volatility, impacting Bitcoin and Ethereum prices.