
Binance's $6.3B Hack Tests What Proof of Reserves Protects
Binance says it lost $6.3 billion in a hot-wallet breach. Here's how replacement funds, frozen assets, proof of reserves and withdrawals differ.
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Binance says it lost $6.3 billion in a hot-wallet breach. Here's how replacement funds, frozen assets, proof of reserves and withdrawals differ.

Crypto companies are seeking national trust bank charters for custody and stablecoin infrastructure, but OCC supervision does not automatically mean deposits, consumer loans or FDIC insurance.

European regulators are examining Binance’s reliance on reverse solicitation, testing how far an offshore crypto exchange can serve EU users without a MiCA licence.

The FCA has opened its crypto authorisation gateway, ending an era where AML registration was often mistaken for full financial regulation in the UK.