$6 billion Binance hack sends bitcoin, ether tumbling; Standard Chartered expects more pain
Summary
Major cryptocurrencies dropped sharply following a massive security breach on the Binance platform and an exploit on Polymarket. Financial institution Standard Chartered anticipates that digital asset valuations could experience further downward pressure before eventually stabilizing.
Bitcoin and ether slid after a suspected $6.3 billion Binance security breach and a Polymarket exploit. Standard Chartered says crypto prices may remain under pressure before finding a base.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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