WS #16594
The cryptocurrency market is in turmoil after Binance confirmed a massive $6.3 billion hack, causing Bitcoin to drop below $78,000 and triggering a contagion effect across the digital asset ecosystem. The shock has spilled over into traditional fintech, with Robinhood shares falling 6.6% premarket as investors reassess the risks associated with centralized exchange custody and broader crypto exposure.
Crypto Market Turmoil
The cryptocurrency market is in turmoil after Binance confirmed a massive $6.3 billion hack, causing Bitcoin to drop below $78,000 and triggering a contagion effect across the digital asset ecosystem. The shock has spilled over into traditional fintech, with Robinhood shares falling 6.6% premarket as investors reassess the risks associated with centralized exchange custody and broader crypto exposure.