Did the Binance Hack Cause Bitcoin to Crash?
Posted: Wed Mar 07, 2018 11:02 am
We published yesterday a live report on an attack on Binance, the biggest cryptocurrency exchange in the world.
The incident took place over the span of only two minutes, according to the official incident report, but that was enough to make serious waves in the cryptocurrency market. It also likely contributed to the crash in the price of Bitcoin that we saw last night.
In the incident report, which was released very shortly after the attack, Binance said: “All funds are safe and no funds have been stolen.”
The exchange explains that the attack was sophisticated, and actually began ... (read more)