Skeptic’s lens: Binance suffered the sixth-largest hack in history but it will take less than 2 months to earn it back

Binance, the largest cryptocurrency exchange in terms of volume, was hacked for the first time yesterday to the tune of $41.2 million stolen. Approximately 7,070 BTC was moved from Binance’s hot wallet at 5:17pm UTC in a single transaction.

Shortly after the transaction took place, industry participants started speculating that it could have been a hack since it was the tenth-largest transaction ever coming from Binance’s hot wallet, while most of the other larger transactions came at the height of the bull market in late 2017 and early 2018.

Original source
https://www.theblockcrypto.com/2019/05/08/skeptics-lens-binance-suffered-the-sixth-largest-hack-in-history-but-it-will-take-less-than-2-months-to-earn-it-back/?utm_source=rss&utm_medium=rss&utm_campaign=default

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