COINTELEGRAPH · 2026-11-09 13:53 UTC

Analysts see no broader 'contagion' from $6.3B Binance hack

Binance pledged to cover user losses from the $6.3 billion hot wallet hack on Oct. 29, the largest crypto hack to date. Binance's daily net outflows fell to $458 million, down from $6.1 billion on Nov. 2 after withdrawals resumed, per DefiLlama. Bitcoin fell as much as 5.7% in the five days after the hack, which CryptoQuant called modest; Bitfinex analysts said much of the impact looks priced in, with the Nov. 10 CPI reading seen as key for a bottom.

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