Crypto firm Binance covers 90% of losses after $6.3bn hack
⟶ The cryptocurrency exchange Binance has covered 90% of the losses incurred from a hack that saw approximately $6.3 billion stolen. The hack targeted the company's "Money Hot Wallet", which held the bulk of its assets. This incident is the largest crypto hack to date.
Why it matters
Customers who were affected by the hack are having 90% of their losses covered by the company.