Binance sets aside $6.34 billion to cover the largest crypto theft on record, as Bitcoin steadies near $77,000.
Binance says it has set aside more than $6.34 billion of its own funds to cover losses from the breach, with about $3 billion of the stolen assets frozen. Withdrawals remain paused, with a phased restart targeted for Sunday and proof of reserves due by Monday, while spot Bitcoin funds saw outflows of more than $600 million on Friday. This is a news report only, not financial advice.
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