Crypto Market Crash: BTC, ETH, BNB, & Others Retreat After $5.8B Binance Hack Report

Key Insights The recent crypto market crash followed reports of a possible $5.8 billion Binance hack. Bitcoin price plunged over 3%, while Ethereum crypto fell over 4%. Circle and Tether reported freezing USDC and USDT linked to the incident. The crypto market crash followed a reported $5.8 billion Binance hack, sending Bitcoin, Ether, BNB, XRP, and Solana lower. The incident drew responses from Binance shareholder Changpeng Zhao, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino, Helius CEO Mert Mumtaz, and the X account 0xQuit. Zhao said customer funds were safe and expected full coverage.