Fear across the market following the recent Binance hack is understandable. In just 24 hours, market sentiment has taken a sharp hit. The Fear & Greed Index has fallen to its lowest point since...
Summary
- This comes amid the $6.3 billion Binance exploit, adding pressure to an already weak market.
- Bitcoin dropped 4-5%, touching a six-week low near $76,500 and Ethereum falling below $2,200.
- The largest hack in crypto history has hit the biggest exchange in the space, but Binance is showing signs it is taking it well.
- Out of the $6.3 billion drained, $3 billion has been frozen, and the rest is being made up by the SAFU fund.
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