Binance stabilizes after $6.3 billion theft, covers 95% of stolen tokens

Binance has stabilized following a $6.3 billion theft, with the exchange covering 95% of stolen tokens. The incident highlights the vulnerability of centralized exchanges and underscores the need for robust security measures and regulatory oversight. The breach ranks among the largest in crypto history, and Binance's rapid reimbursement has helped contain fallout across its platform. The event may accelerate scrutiny of centralized exchange security practices and could shape upcoming regulatory discussions. Market participants should watch for updates on the remaining 5% of stolen tokens, any recovery efforts, and potential regulatory responses in the coming days.