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Binance Started the Process of Returning Assets Lost Due to a Hack

To "compensate for the consequences of the incident," the company reserved over $6.34 billion of its own funds. This was reported by Binance.

Photo: Burak Akbulut / Anadolu via Getty Images

At the same time, the company notes that this entire process may take some time. The crypto exchange, together with partners and law enforcement agencies, is also working on returning frozen assets worth $3 billion.

Initially, the company believed that the attack was related to a laptop hack, however, according to the latest data, "additional points of compromise" were discovered.

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