Business & Economy · 3 views
Binance says 90% of $6.3 billion hack losses are now covered, plans to resume withdrawals Sunday
Binance said Saturday that it has covered up to 90% of the roughly $6.3 billion in token assets stolen from its hot wallets in a record crypto theft announced Thursday.
Summary
Binance said Saturday that it has covered up to 90% of the roughly $6.3 billion in token assets stolen from its hot wallets in a record crypto theft announced Thursday. Binance said it will continue to buy the remaining relevant token assets through market and over-the-counter channels until the covered amount reaches 100% for all tokens.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Business & Economy
Continue reading recent Business & Economy coverage
- 80% of workers make this 401(k) mistake when they retireContinue reading
- AI boom hits a wall on Wall Street as OpenAI cuts fundraising target while Meta gets a credit warning over its cash flow, spending and monetizationContinue reading
- Want guaranteed income in retirement without an annuity? Try laddering I bonds.Continue reading
- F.D.A. Warns of Tractor Wheels Snack Bar Linked to Choking HazardContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow