Analyzing BNB’s rebound opportunities hours after $6.3B hack, altcoin sell-offs

Binance, the world's largest crypto exchange by volume, reported a security breach incident with an estimated total impact of $6.3 billion. At the time of writing, roughly $3 billion of the affected assets had been frozen on-chain. The incident caused panic in the markets and led to a Bitcoin [BTC] sell-off. In the 12 hours before press time, BTC's price fell by 5.2% from $81.7K to $77.4K. Crypto liquidations measured $1.50 billion in the last 24 hours, with $1.28 billion in longs liquidated. Binance Coin [BNB], the exchange token, fell by a commensurate 5.2% over the same time period. Co-founder and former CEO of Binance, Changpeng Zhao, assured users that funds were safe, pointing to Chief Customer Service Officer Yi He's statement on X and the rapid response from Tether…

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