Bitcoin fell below $77,000 for the first time in more than a month on Friday, following a record security breach at Binance that resulted in the theft of more than $6 billion on October 29, and renewed concerns about the safety of cryptocurrency holdings. Bitcoin fell below $77,000 for the first time
Summary
- Bitcoin fell below $77,000 for the first time in more than a month on Friday, following a record security breach at Binance that resulted in the theft of more than $6 billion on October 29, and renewed concerns about the safety of cryptocurrency holdings.
- The cryptocurrency declined by as much as 3.1% to $76,300, while Binance’s BNB token fell about 5% over 24 hours to around $700.
- Other digital assets, including tokens affected by the breach, also recorded losses.
- The incident, described as the largest cryptocurrency theft on record, has intensified scrutiny of security at major digital-asset exchanges.
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