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$6.3 billion hack of Binance has instantly sent the cryptocurrency market into a tailspin, wiping out $1.5 billion in traders’ leveraged positions. While the exchange has urgently frozen withdrawals and promised to cover the losses from its SAFU fund, Elon Musk has predicted an era of endless cyberattacks for the industry.

Belarus became the first country in the world to officially introduce crypto banks into the state’s financial system.