Massive Binance Hack: $6.3 Billion Hit, $3 Billion Frozen

Crypto Insight Summary: TLDR The Binance hack affected an estimated $6.3 billion in cryptocurrency, exceeding the scale of the $1.5 billion Bybit theft in February 2025. Binance said approximately $3 billion had been frozen on-chain through coordination with blockchain partners. The exchange announced a temporary suspension of deposits and withdrawals while teams carried out security checks and worked […] Crypto Insight Analysis: Direction: Bearish BNB Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: A $6.3B hack and withdrawal suspension threaten exchange trust, liquidity and broader market sentiment.