WS #16584
Binance suffered a record $6.3 billion cyberattack, with the hacker's Bitcoin haul (18,270 BTC) now exceeding Coinbase's corporate treasury. The exchange has reserved over $6.34 billion to cover the loss, but the event has shaken confidence in centralized exchanges. Standard Chartered suggests the hack could accelerate a shift toward decentralized exchanges like Uniswap, while the broader crypto market reels from the liquidity shock and fear of contagion.
Crypto Market Disruption
Binance suffered a record $6.3 billion cyberattack, with the hacker's Bitcoin haul (18,270 BTC) now exceeding Coinbase's corporate treasury. The exchange has reserved over $6.34 billion to cover the loss, but the event has shaken confidence in centralized exchanges. Standard Chartered suggests the hack could accelerate a shift toward decentralized exchanges like Uniswap, while the broader crypto market reels from the liquidity shock and fear of contagion.