Cryptoe27about 3 hours ago
Binance Hack Triggers Bitcoin Crash
6 min read
A confirmed security incident at Binance on October 29 caused Bitcoin to fall 4.87 per cent to US$77,037.20. Estimated outflows range from US$2 billion to US$6 billion, while major entities froze roughly US$3 billion in stolen assets. The breach involved hot wallets and triggered a cascade of leveraged long liquidations totalling more than US$629 million in one hour.
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