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Binance's $6.3 billion hack creates windfall for crypto arbitrage traders

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Business Standard - LatestBy Bloomberg
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Binance's $6.3 billion hack creates windfall for crypto arbitrage traders
Photo / Coverage: Business Standard - LatestCredit: Bloomberg
EXECUTIVE SUMMARY

Crypto traders exploited sharp price gaps after hackers stole $6.3 billion from Binance, with rushed transactions costing the attackers an estimated $119 million, according to Bitquery

Key Takeaways

  • Binance's $6.3 billion hack creates windfall for crypto arbitrage traders.

Crypto traders exploited sharp price gaps after hackers stole $6.3 billion from Binance, with rushed transactions costing the attackers an estimated $119 million, according to Bitquery

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