By now, the trigger behind the latest crypto crash is clear. On October 29-30, Binance suffered a roughly $6.3 billion security breach, the largest crypto exchange hack on record. The attacker drained assets including Bitcoin, Ethereum and stablecoins across multiple blockchains, with much of the theft taking place in about 20 minutes. Binance says roughly […]
Summary
- On October 29-30, Binance suffered a roughly $6.3 billion security breach , the largest crypto exchange hack on record.
- The attacker drained assets including Bitcoin, Ethereum and stablecoins across multiple blockchains, with much of the theft taking place in about 20 minutes.
- Binance says roughly $3 billion has already been frozen and that it will cover the losses.
- Bitcoin fell as low as roughly $76,460 before recovering toward the upper-$77,000 area.
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