Binance Lacks Cyber Insurance for $6.3 Billion Hack, Bloomberg Law Reports

Binance Just Got Hacked for $6.3 Billion. Is Its Coin Still a Buy?

BNB's strong performance in the recent past might not continue for much longer.

Binance Just Got Hacked for $6.3 Billion. Is Its Coin Still a Buy? | #hacker - National Cyber Security Consulting

On the evening of Oct. 29, hackers stole an estimated $6.3 billion in funds from the Binance crypto exchange, marking the biggest hack in crypto history. The exchange has since promised to cover every customer loss, and it still has more than enough money on hand for that promise to be credible. The exchange's blockchain […] Thank you for subscribing to our RSS feed!

Binance Lacks Cyber Insurance for $6.3 Billion Hack, Bloomberg Law Reports

The exchange says it reserved more than $6.34 billion in company funds and is drawing on emergency and futures reserves to replace stolen assets.... Read the full story at The Defiant

Binance Lacks Cyber Insurance After $6.3 Billion Theft

Insurance under other policies may cover only a small share of losses. Binance said asset replenishment will draw on SAFU, its futures insurance fund and company resources.