Hackers Steal $6.3 Billion in Bitcoin and Ethereum From World's Most Well-Known Crypto Exchange

The largest cyber heist on record — $6.3 billion in Bitcoin and Ethereum stolen from the world's most prominent exchange — is a severe confidence shock for crypto markets. Expect acute sell pressure, elevated volatility, and heightened scrutiny of centralized exchange custody and security. Contagion risk to DeFi and stablecoin liquidity is plausible as traders de-risk and withdraw holdings.