WSJ · 2026-10-30 11:17 UTC

Crypto Markets Aren't Freaking Out That Much About the Binance Hack

Binance disclosed a multibillion dollar hack; founder Changpeng Zhao said losses could exceed $1 billion but the company will cover them. BNB token down less than 6% in 24 hours; Bitcoin down 3%, Ethereum down slightly more. Crypto-related stocks Coinbase, Grayscale, and Robinhood dropping more than 5% before market open.

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