🌍 BINANCE
Binance hacker splits $1.4 billion in bitcoin across 19 wallets that cannot be frozen
💡 Why it matters: Unlike stablecoins, Bitcoin cannot be frozen by a company, so the moved funds could leave the system for good. If the hacker sells, selling pressure may weigh on prices, and recovering the money becomes harder.
📊 Impact: $BTC ▼ · $BNB ▼
⚠️ Losers: Binance, Bitcoin and trust in centralized exchanges.
#Crypto #Security
Binance hacker splits $1.4 billion in bitcoin across 19 wallets that cannot be frozen
💡 Why it matters: Unlike stablecoins, Bitcoin cannot be frozen by a company, so the moved funds could leave the system for good. If the hacker sells, selling pressure may weigh on prices, and recovering the money becomes harder.
📊 Impact: $BTC ▼ · $BNB ▼
⚠️ Losers: Binance, Bitcoin and trust in centralized exchanges.
#Crypto #Security
