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Spot bitcoin ETFs see largest daily outflows in four months following record Binance hack

US spot bitcoin ETFs shed $643 million on Friday, marking their largest single-day outflow since June 25, following Thursday's Binance's hack.

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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Original reporting

Timmy Shen, The Block

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