Binance hack rattles markets as BNB falls 8%, Bitcoin nears $77K

What happened: Reports of suspicious multibillion-dollar transfers from Binance-linked wallets triggered a sharp crypto selloff, with Binance saying it was investigating a potential security issue and that user funds were "completely safe." Key numbers: BNB fell 7.2% to near $702; Bitcoin fell 3.1% to about $78,674; Ether dropped 4% to about $2,263; total market cap fell 3.3% to around $2.73 trillion; 24-hour volume rose Why it matters: The declines hit BNB and the broader market as reports of the transfers fueled uncertainty, while the flagged figures were not confirmed theft amounts.

Reports of suspicious multibillion-dollar transfers from Binance-linked wallets triggered a sharp crypto selloff, with Binance saying it was investigating a potential security issue and that user funds were "completely safe."

The declines hit BNB and the broader market as reports of the transfers fueled uncertainty, while the flagged figures were not confirmed theft amounts.