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Binance wins Saylor’s backing for $6.34B recovery after hack
Strategy Executive Chairman Michael Saylor has backed Binance’s promise to make customers whole after its $6.3 billion hack, as the exchange has reserved more than $6.34 billion of company funds to replace affected assets.
Why it matters
Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.
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Dextape context
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Dextape story on this event
Binance hot wallet theft estimated at $6.3 billion, analysts link it to North Korea