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Frozen Assets

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Binance says $6.3 billion stolen in hack, vows to cover user losses

Binance disclosed that attackers stole $6.3 billion in crypto assets from the exchange, calling it the largest crypto hack on record. The company said roughly $3 billion has since been frozen, user funds remain safe, and it has set aside over $6.34 billion of company funds—including $5 billion in the exact impacted tokens—to cover the shortfall.