Following an estimated $6.3 billion theft from Binance, several major cryptocurrency exchanges called for swift improvements to their security measures. Blockchain analysts attributed the attack to compromised signing infrastructure, while Binance said user funds were safe and that it would cover the losses. Coinbase and Kraken announced measures including stronger offline-key controls, enhanced employee training and real-time information-sharing. The incident could increase regulatory pressure on the sector, although the coordinated response is intended to restore confidence and prevent further attacks.
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