Cryptocurrency markets extended their losses after Binance reported a major security breach estimated at $6.3 billion. BNB fell 8.2%, while Bitcoin approached $77,000 and Ethereum dropped below $2,300. Approximately $1.55 billion in leveraged positions were liquidated over 24 hours, including $1.34 billion in long positions. Binance pledged to cover all customer losses and said roughly $3 billion in affected assets had been frozen. Decentralized finance protocol Aave temporarily suspended new deposits and borrowing across its V3 and V4 markets, while clarifying that its smart contracts had not been compromised.
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