BLOOMBERG LAW · 2026-11-02 21:00 UTC

Bitcoin Weathers $6.3 Billion Hack as Fears of Contagion Ease

Binance suffered a $6.3 billion cyber theft, the largest hack against a crypto exchange. Bitcoin remained resilient, trading around $77,500 on Monday, down only 5% from pre-hack levels. Traders credit Binance's swift response and promise to cover all losses for easing contagion fears.

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