Crypto liquidations jump to $1.57 billion as Binance hack sends bitcoin, ether lower
Source: CoinDesk ·
From the source
Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion. Bitcoin BTC $77,648.52 fell to its lowest price since Sept. 18 after Binance, the largest crypto exchange, fell victim to a $6.3 billion exploit attributed to North Korean hackers. The largest cryptocurrency slumped to an overnight low of $76,400 before recovering some of the decline. Ether ETH $2,243.35 momentarily hit $2,170 before rebounding to around $2,220. Around $3 billion of the proceeds have been frozen, with withdrawals currently paused on the exchange. Analytics firms TRM Labs and Elliptic attributed the hack to North Korea-linked hackers. Tech stocks added to the downward pressure, with Nasdaq-100 index futures falling 2.3% after Amazon AMZN raised its capital spending forecast. Intel (INTC) slid around 25% on weak guidance. U.S. spot bitcoin ETFs took in $17 million on Thursday, a fourth straight day of inflows, according to Farside investors, before…