Bitcoin · North Korea · CoinDesk
Bitcoin BTC $77,345.99 fell to its lowest price since Sept. 18 after Binance, the largest crypto exchange
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The largest cryptocurrency slumped to an overnight low of $76,400 before recovering some of the decline.
Key facts
- Bitcoin BTC $77,345.99 fell to its lowest price since Sept. 18 after Binance, the largest crypto exchange, fell victim to a $6.3 billion exploit attributed to North Korean hackers
- Tech stocks added to the downward pressure, with Nasdaq-100 index futures falling 2.3% after Amazon AMZN $240.45
- Market Closed raised its capital spending forecast
- The largest cryptocurrency slumped to an overnight low of $76,400 before recovering some of the decline
- Around $3 billion of the proceeds have been frozen, with withdrawals currently paused on the exchange
Summary
Binance said around $3 billion of the stolen assets has been frozen and withdrawals remain paused. Tokens the hacker held and sold led the rebound, with ethena gaining 8.4% and pepe rising 7.3% after uniswap and aave fell around 11% on Thursday. Options traders turned defensive, with five of the six highest-volume bitcoin options puts and the 25-delta skew rising across time frames in both bitcoin and ether. Bitcoin BTC $77,345.99 fell to its lowest price since Sept. 18 after Binance, the largest crypto exchange, fell victim to a $6.3 billion exploit attributed to North Korean hackers.