Binance Covers 90% of Losses from Massive $6.3 Billion Hack
Economy

Binance Covers 90% of Losses from Massive $6.3 Billion Hack

Crypto exchange Binance announced it has covered 90% of the $6.3 billion lost in a record hack using company funds. The remaining 10% involves less liquid tokens, assuring users they will not bear financial impact.

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  • Negros Occidental gov calls for ‘compassionate’ pricing of sugar

    Negros Occidental Gov. Eugenio Jose Lacson expressed hope that the buying price of sugar will reach P3,000 per 50-kilogram bag, enabling farmers to survive. He appealed to traders for compassionate pricing.

  • 「予算投入議員に恥をかかせる時が来た」

    マニラ、フィリピン — パンフィロ・ラクソン上院議員によると、市民社会組織は二院制会議委員会に招待され、2027年の国家予算案に自分たちの得意なプロジェクトを組み込んでいると捕まると、公の場で恥をかかせることができるようになるという。 金曜日のOne Newsの「Storycon」とのインタビューでラクソン氏は、悪徳議員による予算プロセスの操作を思いとどまらせるには国民の警戒だけでは不十分かもしれないと述べた。

  • Economists Foresee More Rate Hikes in Philippines Amid Persistent Inflation Risks

    Philippine economists anticipate further interest rate hikes by the central bank in December, citing persistent inflation, elevated oil prices, and peso depreciation. Some foresee additional tightening into early 2027.

  • Weak Peso to Hike Costs of Imported Farm Goods, DA Warns

    The Philippine Department of Agriculture (DA) warns that a weakening peso could drive up the cost of imported agricultural goods like rice and fertilizer, exacerbating food price inflation already strained by El Niño production constraints. Imported rice prices are expected to rise slightly by November, though the DA aims to keep retail prices below P60 per kilo.