Halloween comes early as crypto market loses $140 billion after Binance hack
Photo: Finbold
Halloween came one day early for digital asset investors, as the unexpected $6.3 billion hack shook Binance and led to a massive, twelve-figure industry sell-off. Between 5 p.m. (UTC) on October 29 and 2:30 p.m. (UTC) on October 30, the overall cryptocurrency market capitalization dropped from $2.73 trillion to $2.59 trillion. The Binance incident was thus accompanied by a nearly 3.5% loss in the industry’s market value, with $147.37 billion wiped out in less than twenty-four hours, citing CoinMarketCap .
Source: Finbold
