🚨 US AUTHORITIES TARGET $1.2 BILLION FROM BINANCE HACK!
A major development in the October 29 Binance security incident.
🇺🇸 The US Department of Justice has obtained court approval to seize or restrain more than $1.2 billion in crypto linked to the theft.
🔹 More than $2.7B in stolen assets reportedly frozen 🔹 The attack has been attributed to North Korea-linked TraderTraitor 🔹 Binance says it has completed coverage of affected customer assets
⚠️ Court-authorised seizure is not the same as completed recovery or repayment.
🔹️BTC briefly fell to $69,900 on Nov 13. Bitcoin is down more than 19% since Oct 2. 🔹️Ethereum($ETH ) is near $1,975, both at three-month lows.
US spot Bitcoin ETFs saw about $1.44B of outflows across five sessions. CoinPost cited headwinds including Nvidia's CEO change and Strategy's($STRC ) MSCI removal.
🎯 If BTC can't reclaim $71,000, the next supports sit at $68,000 and $67,000.
WTI trades near $85.50 - 86. API data showed a 9-million-barrel build in US crude inventories, partly offsetting supply concerns, while Iran's nuclear stance keeps some support under prices.