Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the $6.3 billion Binance hack is unlikely to derail the crypto market’s …
Binance
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Markets
Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lower
by shayaanby shayaanBitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion. www.coindesk.com
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Scams
Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
by shayaanby shayaanIn brief At least $5.57 billion left Binance-linked wallets on Ethereum, Bitcoin and Tron on Thursday, per an on-chain tally; Binance said …
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The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes. www.coindesk.com
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Analysis
$6.3B Binance Exploit Triggers Crypto Market Sell-off; Drags Bitcoin Below $79K – Have Bears Taken Control?
by shayaanby shayaanThe crypto market is facing yet another sell-off, putting investor confidence to the test as the Bitcoin price slips below $79,000. What …
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Markets
Binance hacker splits $1.4 billion of bitcoin into 19 wallets that no one can freeze
by shayaanby shayaanAll 18,270 coins sit in 19 wallets, 17 of them holding exactly 1,000 BTC each, and none has moved since Thursday night, …
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In brief Wallets tied to the suspected Binance hack received tens of thousands of ETH from Uniswap contracts and borrowed 19,762 ETH …
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Markets
Binance hack drained wallets backing customer assets, reserve data shows
by shayaanby shayaanBinance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short until the …
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Crypto prices are sliding on the news, with bitcoin falling back to $79,000. www.coindesk.com
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Markets
Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
by shayaanby shayaanPrivate-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value. www.coindesk.com