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.

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