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Binance’s $6.3 billion hack puts exchange safeguards, not Bitcoin’s network, under scrutiny

TokenPost·October 31, 2026·1 min read
Binance’s $6.3 billion hack puts exchange safeguards, not Bitcoin’s network, under scrutiny

The reported $6.3 billion Binance hack raises questions about exchange safeguards, not Bitcoin's network, says Joe Consorti. He stressed that the crucial unresolved issue is whether Binance will fulfill its promise to cover customer losses. The incident shifts scrutiny from blockchain security to the reliability of centralized exchanges.

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