Crypto

Binance Taps Half Its SAFU Bitcoin Holdings After Major Hack

Binance deployed 7,499 Bitcoin from its SAFU wallet to cover losses from a massive hack.

The emergency wallet now holds about 7,500 Bitcoin, valued at $583 million.

The FBI attributed the cyberattack, the largest in crypto history, to North Korea.

Binance completed a proof-of-reserves snapshot showing customer holdings are backed 1:1.

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