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

The BlockBrian Danga3h ago7/10

Binance has earmarked $6.34B to cover hack losses, with industry partners freezing another $3B in affected assets.

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1
How Wallet Permissions Linked Two Accounts in the Suspected Binance Hack
The Defiant19h ago8/10
Records show delegated code on Binance 14 could move its own assets and control another wallet, a key clue in the suspected hack; how the permission was obtained is unknown.
Also covered by Cointelegraph, r/CryptoCurrency, Bitcoin Magazine, CoinDesk +7 more
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2
Binance is investigating a major security incident that resulted in unauthorized withdrawals estimated to have a financial impact of about $6.3 billion, the cryptocurrency exchange said.
r/CryptoCurrency3h ago8/10
Binance reports a security incident with unauthorized withdrawals estimated at $6.3 billion.
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3
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Polymarket users were drained via a compromised third-party monitoring script, with at least $800k reported stolen; Polymarket halted trading.
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4
About 544,000 BTC moved on Nov 22, 2025 in 200 identical sweeps. It was Coinbase’s internal wallet migration, not new buyers
r/Bitcoin1d ago8/10
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