Ripple Freezes $40.5M in Stolen RLUSD Following Breach
Bitcoin fell below the $77,000 threshold after a security breach on Binance triggered a broader market sell-off.
Update (Oct 31, 12:12 UTC): According to Pluang, Ripple has frozen $40.5 million in stolen RLUSD following the recent Binance security breach.
Bitcoin ($BTC) dropped below $77,000 as a security breach at Binance sparked an aggressive sell-off across digital asset markets, according to MarketForces Africa.
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Market Impact
The security incident at the major cryptocurrency exchange weighed heavily on investor sentiment, pushing the leading digital asset down from recent trading ranges as market participants reacted to the development.
Key facts
- Bitcoin traded below the $77,000 level following the security breach.
- The sell-off was directly stoked by the Binance security incident.
Source: news.google.com
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