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Binance said it will fully cover losses from the security incident using its SAFU fund and company funds. The crypto exchange said follow-up investigations found additional points of compromise and that it is responding in coordination with law enforcement.
User funds remain safe and deposits have not been affected, Binance said. The exchange added it is maintaining its expected timeline to resume withdrawals after 45 hours, while saying the outflow of funds stopped when withdrawals were suspended and that about $3 billion in affected assets has been frozen so far through work with partners.