INSIGHT: After every major crypto hack or collapse, $BTC has gone on to new highs. 💪
📉 Mt. Gox (2014): halved, then ran ~100x by 2017 📉 Bitfinex (2016): fell ~20%, new ATHs in 2017 📉 Coincheck (2018): bottomed at $3.1K, hit $69K in 2021 📉 Binance (2019): dipped ~4%, rallied ~136% in 7 weeks 📉 FTX (2022): fell ~22%, then ran ~375% to a new ATH 📉 Bybit (2025): fell ~24%, new ATH 3 months later 📉 Binance (2026): down ~3% so far, $2.5B+ already frozen
Binance reported a security breach causing an estimated $6.3 billion impact, with $3 billion in assets frozen so far. The company pledged to cover all hacking losses. Investigators suspect an engineer’s hacked laptop enabled unauthorized withdrawals. Bitcoin, Ether and BNB prices fell, while Coinbase and Strategy shares also declined. #crypto #binance #trading