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Binance says it has replenished 90% of stolen crypto
Original: Binance replenishes 90% of stolen crypto, says it will absorb financial losses
Binance says it has restored about 90% of the cryptocurrency stolen in a recent theft and will absorb the remaining financial losses itself rather than passing them on to users. The announcement is being widely reported as the exchange moves to reassure customers about the security of their funds after the incident.
Why now: The exchange's handling of a major crypto theft affects user trust and funds, making the recovery update newsworthy.
Evidence
- Binance replenishes 90% of stolen crypto, says it will absorb financial losses · The Times of India
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