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Reported $5.7B Binance Exploit Would Be Largest Crypto Hack on Record

A reported $5.7 billion exploit against Binance would rank as the largest crypto security incident on record, exceeding the $3.5 billion LuBian hack in 2020 and the $1.4 billion Bybit breach in 2025 combined. The Binance SAFU insurance fund holds about $1 billion in BTC, while total exchange reserves stand near $165 billion.
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