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Bitcoin Falls Below $100,000 Amid MEXC Concerns and Balancer Hack

The cryptocurrency market faced selling pressure following issues surrounding MEXC exchange and a security breach targeting Balancer protocol.

BTC

Summary

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Terms & Concepts
  • MEXC: A global cryptocurrency exchange offering spot, futures, and margin trading.
  • Balancer: A decentralized exchange and automated portfolio manager on the Ethereum blockchain.
  • Hack: An unauthorized intrusion into a system or protocol to steal assets or disrupt operations.