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RE: Binance Hacked - 7,000 Bitcoin Lost, The Exchange Will Cover The Loss
The SAFU was set up for potential incidents as this. Well done to Binance on how they handled this case. Yes it’s annoying these hacks but putting it in perspective, some past hacks on other exchanges stole 500-850k BTC and users were NOT covered but out of pocket instead. So again well done to Binance on how they’re handling the situation.
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