Update
Crypto Exchanges Review Security After Binance Hack
Crypto exchanges are reviewing their security systems after a $6.3 billion hack at Binance. Binance disclosed that its hot wallets were compromised on October 29, resulting in approximately $6.3 billion in stolen assets. The exchange said it would cover the losses using its Secure Asset Fund for Users (SAFU) and corporate treasury. OKX CEO Star Xu has called for exchanges and other crypto companies to establish a real-time alert system to respond to major hacks.