Binance reserves $6.34bn to cover stolen assets after cyberattack – CEO

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Binance reserves $6.34bn to cover stolen assets after cyberattack – CEO

AI Summary

Binance says it has reserved $6.34 billion to cover assets stolen in a cyberattack, with CEO Richard Teng reporting that $5 billion is held in the affected tokens. Those assets include USDC, USDT, Bitcoin, Ethereum, and BNB; the article does not specify the attack’s full circumstances.

According to Mr Teng, in a video on Friday evening, $5 billion of the reserved amount is already held in the same cryptocurrency tokens affected by the incident, including USDC, USDT, Bitcoin, Ethereum and BNB. The post Binance reserves $6.34bn to cover stolen assets after cyberattack – CEO appeared first on Premium Times Nigeria.

Security Markets AI & Tech Binance cyberattack cryptocurrency stolen assets reserves Bitcoin Ethereum Richard Teng

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