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Spiros Margaris: Binance hit by over $6 billion crypto hack, pledges to cover losses

Spiros Margaris: Binance hit by over $6 billion crypto hack, pledges to cover losses
Binance faces $6 billion crypto breach

Binance has reportedly suffered the largest crypto hack ever, with over $6 billion stolen, and the exchange says it will cover the losses.

Spiros Margaris questioned how secure other platforms are if even the biggest crypto exchange can face such a breach.

Margaris recently highlighted that Bank of America hired 1,000 extra contractors to address AI-identified security issues. He has also noted that Apple is facing a projected $25 billion storage bill due to a surge in memory chip prices. His commentary reflects ongoing concerns around technology and operational risks faced by major institutions.

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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