Binance Breach Fallout: Crypto Community Reacts But Bitcoin Barely Blips

When the largest crypto exchange on the planet announces that it has been hacked one would expect an avalanche in crypto prices but Bitcoin is already starting to recover a few hours later.

Around four hours ago the world’s largest exchange by daily volume reported that it had suffered a security breach. Binance and its enigmatic owner Changpeng ‘CZ’ Zhao have often boasted their security prowess and that digital assets are safe or ‘SAFU’ (secure asset fund). That didn’t stop hackers making off with at least 7,000 BTC and a raft of user API keys, 2FA codes, and ‘potentially other info’ according to the post.

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