The broader cryptocurrency market is trading in the red on Friday, following news that the Binance wallets were hacked, resulting in the potential theft of $1.45 billion in Bitcoin (BTC) and $875 million in Ethereum (ETH), which could become the biggest crypto hack in history. The derivatives market witnessed over $1.50 billion in total liquidations over the last 24 hours, with Bitcoin slipping below $77,000.

Binance at risk of largest crypto hack ever

Changpeng Zhao, former CEO of Binance, was among the first to report a potential hack of Binance’s hot wallet. The suspected hack affects wallets across the Bitcoin, Ethereum, and Tron (TRX) networks, putting $1.45 billion in BTC, $875 million in ETH, and other crypto assets at…