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Binance makes users whole after the October exploit that cost about $6.3 billion

Binance says it has restocked every token lost to the October attack, which siphoned roughly $6.3 billion. US officials reported freezing over $2.7 billion of the stolen funds. The analysis contends that stolen credentials and tampered transaction approvals keep enabling breaches, and repaying users leaves those weaknesses in place.

By Builders in Fintech deskAutomated summary

Binance makes users whole after the October exploit that cost about $6.3 billion
Image: pymnts.com

Binance says it has restocked every token lost to the October attack, which siphoned roughly $6.3 billion. US officials reported freezing over $2.7 billion of the stolen funds. The analysis contends that stolen credentials and tampered transaction approvals keep enabling breaches, and repaying users leaves those weaknesses in place.

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