Binance Breach Fallout: Massive ETF Outflows and Bitcoin Drop Below $77K

Following the historic Binance hack, investors pulled $643 million from Bitcoin ETFs as the cryptocurrency fell below $77,000.

The fallout from the massive cyberattack on crypto exchange Binance continues to rattle markets. Investors pulled roughly $643 million from Bitcoin exchange-traded funds, Yahoo Finance reported, while the price of Bitcoin fell below the $77,000 mark following the wave of sell-offs, according to MarketForces Africa.

Meanwhile, Cointelegraph reported that the incident has triggered political debate in the United States ahead of elections, with officials and politicians seizing on the record heist. Broadcaster NPR noted that the theft has once again exposed the fragility of the digital assets sector. Further details have not yet been released.