🚨 $6.3B Binance hack? The truth and why it’s bullish for $BNB , $BTC and
$ETH .
Don’t worry, this isn’t the end. This is a test of strength.
WHAT HAPPENED:
On October 29, Binance suffered the biggest hack in history: $6.3B stolen from its hot wallets. The FBI confirmed today, November 1, that it was the North Korean group TraderTraitor (Lazarus Group).
WHAT MATTERS:
✅ Binance covered the loss with its own money: it set aside $6.34B and has already covered 95% of the theft
✅ Users’ funds are 100% safe (SAFU)
✅ Withdrawals resumed today, November 1, starting with BTC
✅ More than $2.4B frozen by Tether, Circle, and other issuers
✅ The exchange continues to operate normally, with $166B in reserves
WHY IT’S BULLISH:
BNB—If Binance can absorb a $6.3B hit in 72 hours and carry on as if nothing happened, imagine how resilient BNB is. It’s 2% of its balance sheet. This proves that BNB is Binance’s token
$ETH .
Don’t worry, this isn’t the end. This is a test of strength.
WHAT HAPPENED:
On October 29, Binance suffered the biggest hack in history: $6.3B stolen from its hot wallets. The FBI confirmed today, November 1, that it was the North Korean group TraderTraitor (Lazarus Group).
WHAT MATTERS:
✅ Binance covered the loss with its own money: it set aside $6.34B and has already covered 95% of the theft
✅ Users’ funds are 100% safe (SAFU)
✅ Withdrawals resumed today, November 1, starting with BTC
✅ More than $2.4B frozen by Tether, Circle, and other issuers
✅ The exchange continues to operate normally, with $166B in reserves
WHY IT’S BULLISH:
BNB—If Binance can absorb a $6.3B hit in 72 hours and carry on as if nothing happened, imagine how resilient BNB is. It’s 2% of its balance sheet. This proves that BNB is Binance’s token
