Largest Binance Hack: $6.3 Billion Loss and Market Reaction

The cryptocurrency market is showing negative dynamics: major altcoins are trading in the red, and the Fear and Greed Index has dropped to 35 points, corresponding to the "Fear" level.

Largest Hack in Crypto Industry History

Binance exchange has been subjected to a large-scale cyberattack. According to the platform's own estimates, the damage amounts to approximately $6.3 billion USD. This incident is recognized as the largest hacking event in the entire history of digital assets.

Current Market Situation

In light of news about the hack, interest in alternative coins is declining. Bitcoin's share of total market capitalization (BTC dominance) stands at 60.35%. The price of Bitcoin itself is fluctuating around the $77,399 mark.

Ethereum is also showing a decline, with its price dropping to around $2,242. Investors are exercising caution, which is reflected in low readings of market sentiment indicators.

Additional Industry News

• Binance hack estimated at $6.3 billion
• Event becomes the largest in crypto industry history
• Fear and Greed Index at 35 points
• Bitcoin dominance reaches 60.35%