Binance Hack Spurs $6.3 Billion Loss Estimate as Bitcoin Falls

Binance confirmed it was hit by a hack Friday, with losses estimated near $6.3 billion as Bitcoin (BTC) fell to a six-week low. Several entities, including Tether, froze roughly $3 billion. Bitcoin fell to $76,400 before rebounding about $1,000. BNB dropped below $700, while Solana (SOL) slid more than 7%. Crypto liquidations reached $1.5 billion, and more than 235,000 traders were wiped out over the day. Bitcoin had touched $79,100 over the weekend and rebounded by about $2,000 on Sunday, then struggled to stay above $80,000.