Binance hacker’s Bitcoin haul tops Coinbase’s corporate treasury
AI summary
The hackers behind the Binance breach held 18,270 BTC early Friday, a stash larger than Coinbase's reported corporate Bitcoin holdings, along with more than 500,000 ETH. The scale of the stolen funds puts a single criminal actor ahead of a major public exchange's treasury. Traders care because the holdings represent a large overhang that could be liquidated or moved in ways that pressure BTC and ETH prices and raise questions about exchange security.
