Binance Hack: Why Bitcoin Didn’t Crash Like It Did in 2018
Summary
Despite suffering a record-breaking security breach resulting in billions of dollars in losses, Bitcoin experienced a much milder price drop than it did during a previous attack on the same exchange years ago. The leading cryptocurrency declined by only a small margin compared to the double-digit percentage loss recorded during the 2018 incident.
Binance lost about $6.4 billion, the largest crypto hack on record, yet Bitcoin fell about 3%, against nearly 11% in 2018 when the exchange was last attacked.
Source: Read the full story at Decrypt
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