Binance Hack: This Is What Bitcoin Did After 6 Earlier Crypto Disasters

Binance said a $6.3 billion hack may have involved a compromised DevOps engineer’s laptop, allowing unauthorized withdrawals; it found no private-key leak and said its SAFU fund and company money will cover losses. Bitcoin fell to $76,350 for the first time since mid-September before recovering to just over $78,000, still down more than 2% in 24 hours and 6% over 30 days. CryptoQuant’s Julio Moreno said $3.7 billion went to one Ethereum address, Tether and Circle froze $2.2 billion after $435 million of USDT was swapped for ETH, and the attacker retained about 462,600 ETH, worth about $1.04 billion, plus $400 million in tokens. CryptosRus compared the episode with earlier hacks after which Bitcoin eventually reached new highs.