Welcome to YTUnity

One free SpiderTaz Network account works across every network site.

Featured creators

Creators on the SpiderTaz Network

Become a creator →

Crypto heist: Binance says it has set aside funds to cover losses from theft

CNA Video 13 days ago

Description

Binance is working to restore confidence, saying it has set aside funds to cover losses from a record-breaking cyberattack, as it steps up efforts to recover more than US$6 billion in stolen assets. The world's largest cryptocurrency exchange says it already reserved about the same amount or US$6.3 billion of company funds to replace those losses. CNA spoke to Jonathan Levin, CEO and Co-Founder of Chainalysis, about what the heist says about the sophistication of hackers.