Hacking News
Binance’s Spot Market Share Drops After Hack
Binance's spot trading share dropped to 42%, its lowest in 12 weeks, following a $6.3 billion hack attributed to North Korea's TraderTraitor group. The hack caused net outflows of $5.6 billion, with assets decreasing from $171 billion to $157 billion. Binance introduced a VIP Level Protection Program and launched a community appreciation campaign with rewards for users achieving $10,000 in trading volume.