Binance Suffers $6.3 Billion Hack, Pledges to Cover All User Losses

The world’s largest cryptocurrency exchange, by means of both users and trading volume across the board, has been hacked. Not a System Compromise According to a recent announcement, the incident “may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions.” Binance further […]

Machi Liquidated 8 Times in 6 Hours, Leaving Just $1.50

Prominent trader Machi (@machibigbrother) was liquidated eight times over the past six hours, wiping out all his positions. This drastic event left him with just $1.50 in his Hyperliquid account, illustrating the intense volatility in crypto trading. This incident, surfaced by commentator @lookonchain, draws attention to the precarious nature of margin trading and its implications […]