The Binance hack caused losses exceeding those of the next nine largest crypto exploits combined, according to Glassnode data. Bitcoin held up better than it did after other incidents, having fallen roughly 5%, from nearly $100,000 to around $95,000, following the 2025 Bybit hack. Before the Binance incident, Bitcoin’s average decline during the first 24 hours after crypto exchange exploits stood at 8.3%, according to Anchorage Digital data cited by CNBC. Blockaid said the attackers appeared to have compromised Binance’s transaction signing process, although no leaked wallet private keys have yet been confirmed. Its analysis identified an Ethereum transaction containing 50 signed authorizations, including a matching authorization that allowed attacker-controlled code to operate through the wallet.
Source: Read the original article
