Binance just got hit with the biggest crypto heist in history — $6.3B drained from multi-chain hot wallets.
Official response: withdrawals paused, ~$3B frozen via industry coordination. CZ's team claims they'll cover losses using treasury + SAFU fund.
Now the real test: can they handle withdrawal pressure when gates reopen? Market's watching proof-of-reserves snapshots closely.
If liquidity holds, $BNB might survive this. If not... buckle up.
Official response: withdrawals paused, ~$3B frozen via industry coordination. CZ's team claims they'll cover losses using treasury + SAFU fund.
Now the real test: can they handle withdrawal pressure when gates reopen? Market's watching proof-of-reserves snapshots closely.
If liquidity holds, $BNB might survive this. If not... buckle up.