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Summary
- A technical anomaly has emerged in the cryptocurrency market following a major security incident at Binance, leading to the highest Bitcoin price discount on Coinbase relative to Binance in the past year.
- Arbitrage freeze follows Binance hack The sharp disparity occurred after Binance suffered a large-scale hack affecting its hot wallets on October 29 and 30.
- Hackers reportedly withdrew around $6.3 billion, prompting immediate action from Binance.
- In response to the breach, Binance temporarily suspended all deposits and withdrawals.
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