Binance loses $6 billion in hack, Bitcoin falls to $77,000

Bitcoin has retreated to the $77,000 mark amid the unsettling news surrounding a massive cyberattack, even as Binance's co-CEO assured the public that the platform would absorb the entirety of the financial damage.

The exchange suffered losses exceeding $6 billion as a result of what is being described as the most significant cryptocurrency breach in history.