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Bitcoin Price Briefly Slides to $76,300 as Binance Confirms Hack Estimated at $6.3 Billion
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Binance says the attacker reportedly gained access through a compromised employee laptop, and about $3 billion has been frozen onchain.
Key facts
- The $6.3 billion estimate is higher than earlier figures, which ranged from $2.7 billion to $5.8 billion
- Bitcoin traded in the $76,300 range on Thursday as Binance confirmed a security breach that the exchange estimates at $6.3 billion in total impact
- Earlier in the session, bitcoin reached a 24-hour high of $81,890 before the selloff, as millions in leveraged long positions were liquidated
- Tether CEO Paolo Ardoino said earlier that the company froze more than 1.567 billion USDT, and Circle also froze USDC tied to the suspected attacker
Summary
Bitcoin traded in the $76,300 range on Thursday as Binance confirmed a security breach that the exchange estimates at $6.3 billion in total impact. Earlier in the session, bitcoin reached a 24-hour high of $81,890 before the selloff, as millions in leveraged long positions were liquidated. In a post on X, the exchange said its initial investigation suggests the incident may involve a compromised DevOps engineer’s laptop. “The estimated total impact sits at around 6.3B. The team have worked with blockchain partners to freeze affected assets, with ~3 billion frozen on-chain so far.