The post Binance $5.8 Billion Hack Triggers Crypto Market Crash. What Really Happened? appeared first on Coinpedia Fintech News
The world’s largest crypto exchange, Binance, has confirmed it was hacked, with multiple cryptocurrencies valued at between $2 billion and $5.8 billion drained. According to a forensic analysis of the event by security firm Blockaid, the attacker targeted two Binance hot wallets named “Binance 14” and “Binance 16”. They then siphoned multiple cryptocurrencies, including $1.6 …