‘Binance will absorb impact, not users’: Crypto giant sets aside $6.34 bn to cover losses

<![CDATA[Binance has encountered a serious security breach, with $6.3 billion in digital assets being stolen. To safeguard its users, the exchange will utilize its Secure Asset Fund for Users to absorb the losses. Collaborating with law enforcement, approximately $3 billion in stolen cryptocurrency has been successfully frozen across multiple blockchains.

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