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Reported $6 Billion Binance Hack Linked to Bitcoin and Ether Price Drops
(2 hours ago) · 1 source · Summarized by CryptoBipto
A reported hack of Binance, one of the world's largest cryptocurrency exchanges, has allegedly resulted in approximately $6 billion in losses. Bitcoin and ether prices have fallen following the reports. Standard Chartered has reportedly indicated it expects further market declines.
WHY IT MATTERS
A cryptocurrency exchange is like a digital bank where people store and trade their crypto.
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SOURCES
- coindesk.com
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