Binance covers $6B of hack losses amid crypto weakness
Binance says it has covered $6B of the impacted amount from a hack, while crypto traders describe a bleeding market with bounce expectations.
What we know
Binance's update says $6B of the hacked loss is already covered. Traders note the rest of the market bleeding while some coins hold up, and one expects a sharp bounce. The tweets give no details on the hack itself.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.