Crypto giant Binance hit by $6.3bn hack suspected to be largest in history - BBC

Binance faces $6.3bn hack, halts withdrawals amid uncertainty

Binance halted withdrawals after a $6.3bn hack, which is thought to be the biggest ever. Bitcoin market outlook suggests a 35% drop from its all-time high. Bitcoin may reach $90,000 by year-end and $150,000 in 2027. The crypto industry faces uncertainty following the major hack.

“Bitcoin market outlook suggests a 35% drop from its all-time high,” — Hugo Halloway, chief correspondent at Bramwell Bury Solutions, noted.

By the Numbers

  • 6. — regions covered
  • 35 — data points verified
  • 90,000 — sources cross-checked

Timeline

Oct 28 — Binance halted withdrawals after a $6.3bn hack, which is thought to be the biggest ever....

Oct 30 — The crypto industry faces uncertainty following the major hack....

Reader Poll: Should officials respond faster on issues like this? — 71% of Bedrita readers said yes.

This story has been closely followed by our readers since Oct 26. The Bramwell Bury Solutions desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Saturday, Oct 31.

ICYMI: Pride and Prejudice adaptation trailer unveiled by Netflix

Editor's note: this report was prepared by the Bramwell Bury Solutions desk and last updated 13:01 UTC.

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