Binance hack rattles crypto markets as BNB falls 7%, Bitcoin slides
Bitcoin and Ether tumbled as the broader crypto market fell 3.3%, with reports of suspicious multibillion-dollar transfers from Binance-linked wallets fueling uncertainty.
Cryptocurrency markets plunged Thursday after reports emerged of a potential $3.3 billion hack targeting Binance wallets, causing BNB to plunge more than 7% and Bitcoin to slide over 3%. The incident, which led to a 3.3% drop in the overall crypto market cap to $2.73 trillion, triggered widespread concern in the digital asset space.
Blockaid identified $3.3 billion in suspicious transfers, while Arkham Intelligence tracked $5.84 billion in assets held by wallets associated with the alleged hack, though neither figure confirms actual theft. Binance assured users their funds remained secure, while Tether and Circle froze over $2.3 billion in stablecoins tied to the event.
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