JAPAN TIMES · 2026-10-31 07:21 UTC

Crypto exchanges call for quick moves to bolster defenses after Binance heist

Binance suffered a record $6.3 billion hack, exposing vulnerabilities in crypto exchanges as they integrate deeper into mainstream finance. Coinbase and Kraken are taking defensive measures; industry executives and analysts say urgent action is needed as Trump's regulators promote greater digital asset integration into the financial system.

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