Binance hack drained wallets backing customer assets, reserve data shows
Binance's published reserve data shows that wallets drained in a hack were counted as backing customer balances. As a result, its ether reserves are estimated to be about 6% short until the exchange replaces the stolen funds. BTC was $77,813 at publication and has since moved down 0.3%.
Source: CoinDesk · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story+0.21% since the news
Price at the news$77,780.24
First hour after−1.21%
Since the news+0.21%
Volume that hour5.2× normal
Headline and excerpt credited to CoinDesk. Prices on this page are live, not from the time of the story. Not financial advice.