CoinsAQ summary · neutral
Binance Lacks Cyber Insurance for $6.3 Billion Hack, Bloomberg Law Reports
What happened
Binance lacked cyber insurance ahead of its $6.3 billion hack, Bloomberg Law reports. The exchange says company reserves will cover customer losses.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
Fundstrat’s Tom Lee Declares AI Stock Selloff Has Bottomed Amid Supply Tightness, Crypto Resilience
Tom Lee of Fundstrat assesses the recent AI-related stock selloff as having reached its bottom on CNBC's Squawk Box, citing ongoing market tightness, while noting crypto's resilience after a major hack and maintaining a positive year-end outlook.
NEAR token sinks 7% as proposal to cut annual token issuance passes
NEAR fell by 7% on Tuesday, despite the approval of a proposal to cut annual token issuance from 2.5% to 1.6%
Kraken Restricts Accounts Amid Suspected $133 Million-Plus EU Theft
Kraken says it restricted accounts as it investigates asset flows tied to a suspected EU theft that ZachXBT now estimates at more than $133 million.