Is Binance Facing Its Own FTX Moment? Bitcoin Experts Push Back Against Panic

TL;DR: Binance estimated the financial impact of the cyberattack at approximately $6.3 billion . The price of Bitcoin registered an intraday drop toward $76,000 following the disclosure of the incident. Stablecoin issuers froze over $2.3 billion in assets linked to the flagged addresses. The price of Bitcoin dropped abruptly after the B inance hack of over $6.3 billion was confirmed, an event that triggered immediate comparisons in the financial markets with the collapse of the FTX platform in November 2022. BLACK SWAN ALERT BINANCE JUST GOT DRAINED FOR OVER $6.3 BILLION IN THE BIGGEST CRYPTO HACK IN HISTORY! HACKERS IMMEDIATELY DUMPED EVERYTHING AND CAUSED OVER $1.5 BILLION LIQUIDATIONS. BINANCE HAS SINCE BLOCKED WITHDRAWALS.

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