The crypto market was shocked after Binance lost $6.3 Billion in the biggest hack in history on Oct 29. FBI says North Korea's TraderTraitor group is behind this attack.
But here is the good news:
1. Binance has already replaced 95% of stolen funds from its own SAFU reserve. CEO says no user will lose money.
2. Withdrawals are now open again. Over $4.7 Billion was withdrawn safely on Nov 1.
3. Bitcoin is still strong. BTC is holding $77,000 even after this big news, which shows institutional buyers are still buying.
Many people are panicking and withdrawing, but this is actually a test of trust. Binance has proved before that user funds are SAFU.
What do you think? Will Binance become stronger after this or will people move to other exchanges? Let me know in comments.
#Binance #Bitcoin #CryptoNews #BTC #BinanceHack
