Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018

Cryptocurrency exchange Binance suffered the largest crypto hack on record, losing about $6.4 billion. In the aftermath, the price of Bitcoin declined by about 3 percent. That movement came in contrast with the nearly 11 percent drop Bitcoin experienced in 2018, the last time Binance was attacked. The latest incident produced a much smaller percentage decline in Bitcoin than the earlier attack on the same exchange, and the two attacks occurred in different years.