Binance is calling it a "sophisticated, multi-stage campaign" and "not a single isolated breach or a simple phishing incident."
Binance hack created trading opportunities as crypto firms profited from price dislocations after hackers rushed to move stolen funds.
hink banks, governments et al—people started to believe that it was virtually not hackable, to a point that it became a legend much like the origins of its creator.advertisement❮❯ Read Full...
The hacker moving the stolen funds could create localized selling pressure while also making their recovery and attribution harder.
The Binance attack added pressure to an already weakening market, and dragged the Fear and Greed Index further into fear territory.
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