TechSouth China Morning Post1h ago
Binance pledges to cover all losses from a ~$6.3B hack, potentially
Binance pledges to cover all losses from a ~$6.3B hack, potentially the largest crypto theft ever, surpassing the $1.5B Bybit hack in February 2025
TL;DRBinance says it'll cover $6.3B hack losses, biggest crypto theft on record.
Why it matters: Exchange solvency pledges matter; user confidence and industry stability depend on whether they actually follow through.
Binance, the world's largest cryptocurrency exchange by trading volume, has pledged to cover all losses from a hack that it said drained around US$6.3 billion from its wallet.
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