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Binance says it has $6.34 billion ready to cover hack losses

Binance has allocated $6.34 billion to cover hack losses, while industry partners have frozen another $3 billion in 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.

Automated desk note. Not Dextape reporting.

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Original reporting

Brian Danga, The Block

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