Yhn BusinessCrypto first seen 5 d ago, last 47 min ago, peak #2
Binance covers 90% of losses after $6.3bn hack
Original: Crypto firm Binance covers 90% of losses after $6.3B hack
Crypto exchange Binance says it will compensate users for 90% of losses following a hack estimated at $6.3 billion, one of the largest thefts ever reported in the cryptocurrency industry. The exchange says it will absorb most of the damage itself rather than passing the full cost to affected customers. The scale of the breach and the unusual compensation arrangement are drawing wide attention and debate about security across the crypto sector.
Why now: The sheer size of the breach and Binance's decision to cover most user losses make it major news in crypto and finance.
Rank over time, top of the chart is #1. 17 snapshots from 22 h ago to 47 min ago.
Evidence
- Crypto firm Binance covers 90% of losses after $6.3B hack · colinprince · 21
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