An interesting development occurred during the hack of the cryptocurrency exchange Binance, which is thought to have resulted in losses exceeding $2 billion.
On the Tron network, one of the networks used by hackers, attackers bought a large amount of TRX to bypass a potential network blockage, causing the coin’s price to skyrocket.
The hack on Binance has been confirmed by both founder Changpeng Zhao (CZ) and official channels. Stablecoin companies Circle and Tether have frozen approximately $1.8 billion in assets.
*This is not investment advice.
