If Binance says user funds are safe, why did Bitcoin still fall to US$77,037.20?

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 30 Oct, 03:54 UTC

Bitcoin fell 4.87 per cent to US$77,037.20 in 24 hours and underperformed a broadly weaker crypto sector. A confirmed security incident at Binance on October 29 triggered the drop. That shock arrived against a 65 per cent correlation with the S&P 500. Macro risk aversion had already set a defensive…