What Would Happen to the Crypto Market if Binance Went Bankrupt? 3 AIs Speculate

Three AI-powered chatbots—ChatGPT, Perplexity and Gemini—gave hypothetical assessments of how cryptocurrency markets would react if Binance, the largest crypto exchange, went bankrupt, following a recent $6.3 billion hack at Binance described as the industry’s largest. Binance restored withdrawals and covered the loss through its SAFU fund and reserves, and the market rebounded. ChatGPT projected Bitcoin could drop 30-50% and smaller coins up to 80%, with Binance’s BNB falling as much as 95%; Perplexity warned of a liquidity and confidence shock worse than FTX’s 2022 collapse; Gemini estimated Bitcoin could fall about 65% and top altcoins up to 90%, citing more than $56.5 billion in net inflows to spot Bitcoin exchange-traded funds.