Analyzing BNB’s rebound opportunities hours after $6.3B hack, altcoin sell-offs
Photo: AMBCrypto
Binance, the world's largest crypto exchange by volume, reported a security breach incident with an estimated total impact of $6.3 billion. At the time of writing, roughly $3 billion of the affected assets had been frozen on-chain. The incident caused panic in the markets and led to a Bitcoin [BTC] sell-off. In the 12 hours before press time, BTC's price fell by 5.2% from $81.7K to $77.4K. Crypto liquidations measured $1.50 billion in the last 24 hours, with $1.28 billion in longs liquidated. Binance Coin [BNB], the exchange token, fell by a commensurate 5.2% over the same time period.
Source: AMBCrypto
