COINTELEGRAPH · 2026-10-31 09:59 UTC

Binance $6.3B record hack sparks pre-election political chatter

Binance suffered a $6.3 billion hack, the largest in crypto history, with about $3 billion of stolen funds already frozen; the exchange said it would cover all losses. Political figures staked out positions on the hack: Republican Senator Cynthia Lummis cited the stalled Clarity Act as necessary for freezing suspicious transactions, while Democratic Representative Maxine Waters criticized Trump and Republicans for a deregulatory crypto agenda. CFTC Chair Michael Selig said the hack proves the need for crypto market regulations, while Binance said it is working with law enforcement and will…

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