Binance
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The Binance Hack and What It Means for Crypto Customers
Read More: The Binance Hack and What It Means for Crypto CustomersThe October 29 hack of Binance.com has raised significant concerns regarding the security of customer assets and the recovery of approximately $6.3 billion in stolen cryptocurrency. Binance plans to cover losses from its Secure Asset Fund for Users (SAFU). Estimates attribute the hack to North Korean hacking group TraderTraitor. Customers are advised to preserve account…
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FTX Targets Binance and CZ with $1.8 Billion Clawback
Read More: FTX Targets Binance and CZ with $1.8 Billion ClawbackCrypto mogul Changpeng Zhao—notoriously known as “CZ”—may be out of prison, but he’s not out of hot water yet. The bankruptcy estate of former-leviathan FTX has filed suit against Binance and its ex-CEO, CZ, seeking to recoup nearly $1.8 billion in allegedly fraudulent transfers. In a court filing out of Delaware, FTX called attention to…