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Reports Claim Binance Lost $5.8 Billion in Hack as Bitcoin Falls Below $79,000
(2 hours ago) · 1 source · Summarized by CryptoBipto
A report claims that Binance, one of the largest cryptocurrency exchanges, suffered a $5.8 billion hack. Bitcoin's price reportedly dropped below $79,000 amid the news. The details of the alleged hack and the full extent of any losses have not been independently verified.
WHY IT MATTERS
A cryptocurrency exchange is like a bank where people store their crypto.
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SOURCES
- bitcoinmagazine.com
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BTCExchange SecurityBinanceBitcoin PriceCrypto HacksSelf-Custody
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