Hacking News
Binance Hacked for Over $6 Billion as Bitcoin Falls Below $77,000
A major cyber attack targeting cryptocurrency exchange Binance resulted in a reported loss of $6.3 billion, triggering a broader crypto market sell-off. Following the security breach, Binance suspended transactions, and over $3 billion in affected assets has been frozen. Binance Co-CEO Yi He pledged that the exchange will cover user losses caused by the exploit. The news pushed Bitcoin below $77,000, touching $76,300, while BNB dropped by 7.1 percent. Standard Chartered indicated that it expects further losses across the market following the breach.