The $6.3 billion Binance hack paradox: Centralization made the hack possible, but also saved $3 billion
The Binance hack has renewed arguments over whether decentralization strengthens or weakens crypto security. The story frames centralization as both the reason the attack could happen and the factor that helped recover around $3 billion. Since publication, BTC has fallen 0.1% from its $77,619 level.
Source: CoinDesk · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story−0.18% since the news
Price at the news$77,618.97
First hour after−0.10%
Since the news−0.18%
Volume that hour0.6× normal
Headline and excerpt credited to CoinDesk. Prices on this page are live, not from the time of the story. Not financial advice.