Binance just took the biggest crypto hack on record — confirmed by the exchange tonight. They're covering all losses, but deposits and withdrawals are frozen while they sort it.
No official total yet, but on-chain trackers are showing $5.6B to $6B gone — about four times the Bybit hit. Roughly $1.5B in $BTC and $900M in $ETH lifted. Silver lining: Binance says around $3B is already frozen.
$BTC down 4.8%, $ETH down 5.3% since this afternoon. $BNB down 7.1% on the day.
Tomorrow's open will tell us if stocks like $MSTR and $HOOD treat this as a Binance problem or a crypto problem. Watch how the market frames it — that's the real tell.
No official total yet, but on-chain trackers are showing $5.6B to $6B gone — about four times the Bybit hit. Roughly $1.5B in $BTC and $900M in $ETH lifted. Silver lining: Binance says around $3B is already frozen.
$BTC down 4.8%, $ETH down 5.3% since this afternoon. $BNB down 7.1% on the day.
Tomorrow's open will tell us if stocks like $MSTR and $HOOD treat this as a Binance problem or a crypto problem. Watch how the market frames it — that's the real tell.
