18,279 #BTC drained from Binance in the crypto industry’s largest hack
About $1.4b in #Bitcoin was hacked from Binance yesterday, equivalent to 0.66% of its total BTC reserves
This was the second-largest BTC outflow in Binance’s history — surpassed only by 2022 FTX collapse.
#Binance SAFU reserve covers 85% of exchange’s BTC holdings — its total reserve still stands at 2.74 million Bitcoin
Other assets were also drained, bringing the total amount drained from exchange to $6.3b — about $3b has been frozen by industry partners to date.
#BTC Price Analysis# #Macro Insights# $BTC
About $1.4b in #Bitcoin was hacked from Binance yesterday, equivalent to 0.66% of its total BTC reserves
This was the second-largest BTC outflow in Binance’s history — surpassed only by 2022 FTX collapse.
#Binance SAFU reserve covers 85% of exchange’s BTC holdings — its total reserve still stands at 2.74 million Bitcoin
Other assets were also drained, bringing the total amount drained from exchange to $6.3b — about $3b has been frozen by industry partners to date.
#BTC Price Analysis# #Macro Insights# $BTC
