Binance Hack Sparks $1.5B Liquidation Bloodbath Across Crypto

The Quick Take
Cryptocurrency liquidations exceeded $1.54 billion following a Binance hack-related marketwide sell-off that disproportionately affected leveraged long positions. Market Crash Triggers $1.5B in Liquidations Cryptocurrency market liquidations surpassed $1.54 billion Friday morning after Binance confirmed hackers stole $6.3 billion in what is shaping up to be the industry’s largest breach on record.
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