Binance says it has covered 90% of its hack losses, having set aside $6.34B+ of company funds; the remaining 10% is in less liquid tokens
THE SO WHAT
Binance backfilling over $6.34B in hacked assets underscores that large crypto venues are effectively self‑insured balance sheets with liquidity risk attached. If you hold operational or treasury exposure on exchanges, reassess counterparty risk and the real-time liquidity of any “covered” assets.
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