BLOOMBERG LAW · 2026-10-30 18:03 UTC

Binance Says Everything Is OK. It Really Isn't: Lionel Laurent

Binance suffered a $6.3 billion hack, the largest in crypto industry history. Binance claims customer funds are safe and promises to cover all losses; some stolen assets have been frozen and recovery efforts have begun. Bitcoin price has declined about 2% following the incident.

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