Crypto ‘scammers on overdrive’ as Binance customers pull billions from accounts after $6.3bn hack – business live
Context
Rolling coverage of the latest economic and financial news And in case you missed it: rival trading platform Chainalysis said on Friday it had also been the target of a cyber attack, although it found no evidence of unauthorised access to “investigation content, authentication credentials, or session tokens.” It said in a statement: Our team is working with leading cybersecurity experts to investigate this activity and harden our systems. We’ve proactively notified all of our customers and will keep them updated as our work progresses. This security incident is not related to the recent crypto theft at Binance. Scammers on over drive now. Be careful. Some of you may have seen posts and screenshots circulating recently. Please be aware that these screenshots are fake and the information in them is false. For accurate and up-to-date information, always refer to our official channels and announcements. Continue reading...
What it means
Causal chain
No clear market signal
How to read a signal
- Severity
- the event's market impact, 1–5
- Direction
- ↑ / ↓ likely price move for the asset
- Exp. move
- the size of the abnormal move we'd expect if the call plays out — not a claim a move will happen:Most flagged events don't move beyond noise; those count against us (see the track record).Ssmall<1%Mmoderate1–5%Llarge>5%
- Timeframe
- the window we measure over:1dshort5dmedium21dlong
- Conviction
- how well-established the directional call is (textbook → speculative) — not a guaranteed outcome:lowaveragestrong
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Sign up free →Not investment advice · for informational purposes only. Generated 2 Nov, 07:59 UTC