Security
Binance Lacks Cyber Insurance for $6.3 Billion Hack, Bloomberg Law Reports
The Defiant·November 3, 2026·1 min read
Binance lacks cyber insurance for its $6.3 billion hack, according to Bloomberg Law. The exchange says it reserved more than $6.34 billion in company funds and is drawing on emergency and futures reserves to replace stolen assets, covering the shortfall internally.
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