driqws
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🚨 BINANCE WAS HACKED. WHAT WILL HAPPEN TO BITCOIN?
Today, the crypto market took one of its hardest hits in recent times.
Following reports of a serious security incident at Binance, Bitcoin fell below $77,000, while Ethereum dropped to around $2,200. About $1.5 billion worth of positions were liquidated in 24 hours. (Reuters)
But the biggest question right now isn't even about the drop itself.
❓ What happens next?
If trust in exchanges starts to decline, pressure on the market could continue.
If the situation stabilizes quickly and users' funds remain protected, the current panic may prove temporary.
📉 Panic or opportunity?
📈 Is the bottom close, or could the market fall even further?
I wouldn't rush to open highly leveraged trades right now. The market is too volatile.
Where do you think BTC will be in the next 7 days? 👇
$BTC $ETH $BNB #Binance #bitcoin #Crypto
🚨 BINANCE WAS HACKED. WHAT WILL HAPPEN TO BITCOIN?
Today, the crypto market took one of its hardest hits in recent times.
Following reports of a serious security incident at Binance, Bitcoin fell below $77,000, while Ethereum dropped to around $2,200. About $1.5 billion worth of positions were liquidated in 24 hours. (Reuters)
But the biggest question right now isn't even about the drop itself.
❓ What happens next?
If trust in exchanges starts to decline, pressure on the market could continue.
If the situation stabilizes quickly and users' funds remain protected, the current panic may prove temporary.
📉 Panic or opportunity?
📈 Is the bottom close, or could the market fall even further?
I wouldn't rush to open highly leveraged trades right now. The market is too volatile.
Where do you think BTC will be in the next 7 days? 👇
$BTC $ETH $BNB #Binance #bitcoin #Crypto
Today, the crypto market took one of its hardest hits in recent times.
Following reports of a serious security incident at Binance, Bitcoin fell below $77,000, while Ethereum dropped to around $2,200. About $1.5 billion worth of positions were liquidated in 24 hours. (Reuters)
But the biggest question right now isn't even about the drop itself.
❓ What happens next?
If trust in exchanges starts to decline, pressure on the market could continue.
If the situation stabilizes quickly and users' funds remain protected, the current panic may prove temporary.
📉 Panic or opportunity?
📈 Is the bottom close, or could the market fall even further?
I wouldn't rush to open highly leveraged trades right now. The market is too volatile.
Where do you think BTC will be in the next 7 days? 👇
$BTC $ETH $BNB #Binance #bitcoin #Crypto
398
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Bullish
💛 #Binance — the world of cryptocurrencies in one place
Buy, study, and manage digital assets on a convenient platform 🌍
📱 Convenient app — always at hand
🔐 Modern security technologies
📊 Wide selection of digital assets
✨ Start your acquaintance with the crypto world today
👉 Join Binance
💛 #Binance — the world of cryptocurrencies in one place
Buy, study, and manage digital assets on a convenient platform 🌍
📱 Convenient app — always at hand
🔐 Modern security technologies
📊 Wide selection of digital assets
✨ Start your acquaintance with the crypto world today
👉 Join Binance
Buy, study, and manage digital assets on a convenient platform 🌍
📱 Convenient app — always at hand
🔐 Modern security technologies
📊 Wide selection of digital assets
✨ Start your acquaintance with the crypto world today
👉 Join Binance
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BREAKING: Binance Recovers 90% of $6.3B - My Take
Guys, biggest recovery in crypto history just happened.
Binance just confirmed in its 3rd security update on Oct 31:
90% of the stolen assets have been replenished - up from 80% yesterday.
What happened?
Total breach: ∼$6.3B on Oct 29 (hot wallets)Binance set aside $6.34B from company funds to cover itSources used: Corporate Treasury + SAFU Fund ($1B fund) + Futures Insurance FundResult: 10 major tokens now 100% backed: $BTC, $ETH, $USDT, $BNB, $SOL, $USDC, $XRP, $USD1, $RLUSD, $ZECRemaining 10% are less liquid tokens, will take more time to sourceWithdrawals expected to resume Nov 1
My analysis: This is why Binance is still #1. No other exchange could cover $6.3B from its own pocket in 2 days. This shows SAFU actually works.
Is this enough to bring back trust? Or you are still worried?
Drop your opinion below - I will read all comments.
Binance #SAFU #CryptoRecovery #BinanceSecurity #BTC#binancesafufundtransfercompleted7499btc
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