AGP Executive Report
Last update: 9 hours agoBinance Fallout: Binance says it has set aside about $6.34 billion to cover losses from a record security breach, with roughly $3 billion in affected assets located or frozen. The exchange is targeting a withdrawal restart within 34 hours and plans to publish a proof-of-reserves snapshot by Monday. North Korean hackers are suspected. Market Reaction: Bitcoin traded near $78,483, down 2% in 24 hours, as the breach and a tech sell-off rattled traders; liquidations reached about $1.5 billion. Recovery Efforts: Synthetix recovered stolen SNX worth about $8.4 million and secured the tokens for return to Binance. Polymarket Reimbursements: The prediction market will refund $3.9 million after a malicious script drained funds from 726 wallets; most affected accounts have already been repaid.
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