- The report said the crypto market was shaken after Binance, the world’s largest digital-asset exchange, posted an estimated outflow of about $5.7 billion.
- It said major tokens including Bitcoin, Ethereum, Solana and XRP fell in the aftermath of the hack, while forced liquidations among leveraged investors surged.
- It said Binance had moved to freeze $2.54 billion, restrict services and review its SAFU fund, while hacked assets moved into DeFi, increasing risk across the broader market.
Forecast Trend Report by Period
Binance, $5.7 Billion in Estimated Coin Outflows
Bitcoin Down 4%, Ethereum Falls 4.5%
$2.54 Billion Frozen as DeFi Also Put on Alert
The cryptocurrency market…
