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Binance confirmed about $6.3 billion was taken from its hot wallets, with roughly $3 billion frozen on-chain with help from issuers and investigators. Its promise to cover losses has kept a full run on the exchange from happening, but the size of the theft still weighs on trust across crypto.

US spot Bitcoin ETFs lost $643 million on Friday, the largest single-day exit in four months, right after the Binance hack. ETF buyers have been a key source of steady demand, so a pullback here removes support under the price.

After withdrawals restarted, users pulled $3.64 billion, which Binance says is 2.1% of its $171 billion in assets, with the pace now slowing. A calming outflow rate is the main sign the exchange is getting through this without a deeper crisis.
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