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$6.3B Binance Exploit Triggers Crypto Market Sell-off; Drags Bitcoin Below $79K – Have Bears Taken Control?

Picture: Coinpedia

The $6.3 billion exploit triggered an industry-wide response, with Tether, Circle, Ripple, and others freezing billions in affected assets Nearly $1.5 billion in long liquidated that intensified sell-off, potentially pushing the Bitcoin price below $79,000 On-chain links to the Bitget & Phemex exploits raised fresh concerns about the possible wider North Korea-linked hacking operation The crypto market is facing yet another sell-off, putting investor confidence to the test as the Bitcoin price slips below $79,000.

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