This Is What Bitcoin Did After 6 Previous Crypto Disasters The latest Binance hack resulted in over $6 billion in stolen crypto, with around $3 billion reportedly frozen, affecting the price of Bitcoin which briefly dropped to $76,350. Historical patterns show that Bitcoin has recovered significantly after previous major hacks, such as Mt. Gox and Bitfinex, leading to speculation of a similar recovery this time around. Binance attributed the hack to a compromised engineers laptop and stated that all losses would be covered, while data on the chain revealed that the attacker still controlled significant amounts of stolen assets.