An already bad year for cryptocurrencies took another turn for the worse after a $568 million hack affecting Binance Coin became the latest in a string of security incidents to hurt digital assets. An exploit occurred on a bridge between blockchains and the issue is “contained now,” Changpeng “CZ” Zhao, the billionaire co-founder of Binance, the world’s biggest crypto exchange, said on Twitter on Friday. On this episode, we’re taking a look at how this incident may have affected the weekend forecast for Bitcoin, Ethereum, and other altcoins.

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    #crypto #bitcoin #ethereum
    ~Crypto Weekend Forecast | Binance Hack Crashing Bitcoin & Ethereum?~
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    24 Comments

    1. BSC is a scam! anyone that can frezze your account.. thay call that centralized lol I will sell all my bnb and anything on the bsc related ad never look back! same with eth chain its down i cant take my money out nor unstake or stake more..
      I got of Binance Cex to be in full control of my money and not be censored .. frozen!! BITCOIN BITCOIN never halts anybody!!
      CZ is a control freak!! maybe worst than the usa feds!!

    2. it's so obvious at this point for all,
      each and every weekend crypto goes up, without any exception for the last 3 months and this weekend ain't any different,
      so go long crypto

    3. The problem is tokens like BNB are centralized and transactions can be stoped and probably frozen for any reason. Remember when Canadian govt decided to freeze crypto accounts of protestors last year? This means govt will work with as the biggest crypto platforms and set new rules. Decentralization and ownership was why Bitcoin was created. Not centralization. I love what Binance does to develop a diverse ecosystem but other crypto platforms will rise in popularity and will not to seek to protect customers. Not your keys, not your coins.

    4. I know it’s US subtle propaganda but BNB is only down by 3% and this is solely because the entire market is down and not because of the exploit. When Ronin bridge was hacked, the price fell significantly so I don’t think that it’s wise to say that BNB is falling cos of the hack. It’s understandable that CZ is Asian, but give Binance a break

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