Bitcoin fell below $77,000 amid concern over a reported Binance hack, the source said. Crypto-market liquidations reached $256 million, including more than $176 million in long bets.
Binance said it had replenished affected assets with its own funds and that the listed major assets were backed at least 1:1. Bitget Wallet’s Alvin Kan said the breach may lead investors to reconsider exchange custody, but a temporary rise in withdrawals would not necessarily mean a lasting shift to self-custody.
