Security
Binance Taps Futures Insurance Fund to Cover $6.3B Hack
COINOTAG·November 1, 2026·1 min read
Binance drew on its SAFU and futures insurance funds to cover a $6.3 billion hack that the FBI attributed to North Korea's TraderTraitor group. Withdrawals have resumed, and the exchange is replenishing affected assets. The incident marks one of the largest exchange breaches, highlighting ongoing security threats from state-sponsored actors.
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