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Binance covered hack before full details emerged and losses rose, Layah Heilpern notes

Binance covered hack before full details emerged and losses rose, Layah Heilpern notes
Binance covered hack as losses escalated

Binance committed to covering losses from an identified hack before the full details were released, with the reported figure initially at around $3 billion.

Layah Heilpern, Owner and Host of The Layah Heilpern Show, added that the current estimate of losses from the hack is now around $6.3 billion.

Heilpern has previously covered security measures in crypto trading. She highlighted Wormbook, a Robinhood chain launchpad designed to scan coins for hidden instructions and protect AI crypto traders, in a recent article. In another report, she noted Sberbank’s plan to launch bitcoin trading with an annual cap of $3,500 for individual users, as detailed in her coverage of the exchange’s debut.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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