Binance says it has covered all of the $6.3B in cryptoassets stolen on October 29, using its profits and emergency funds to replace common and obscure tokens
THE SO WHAT
Binance absorbing a $6.3B loss from profits and emergency funds is a reminder that in crypto, platform balance sheets are the real insurance layer. If your business depends on centralized exchanges, treat counterparty risk like a core vendor risk—underwrite their reserves and contingency plans, not just their API docs.
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