Pi Network’s PI Token Defies Market Crash Triggered by Binance Hack

PI is up by roughly 3% daily and it's close to the key resistance at $0.08. The broader crypto market was hit earlier today by the shocking and daring hack against the largest cryptocurrency exchange by market cap, in which bad actors, believed to be linked to the North Korean state, siphoned over $6 billion from the platform. Such major news typically sends shockwaves across the entire market, which was indeed the case. For some reason, though, not all tokens were hit differently. Pi Network’s native asset is among the few exceptions. What Happened in the Market CryptoPotato reported earlier today that Binance fell victim to what became the biggest hack in the cryptocurrency industry in terms of USD value. Preliminary estimates showed that the total value of the loot sits at around $6.3 billion, while multiple service providers and blockchain partners said they managed to freeze about $3 billion on-chain at the time of the announcement. Early investigations suggest the incident may have stemmed from a compromised DevOps engineer’s laptop. The exchange said it had found no evidence of a wallet private-key leak, while on-chain sleuths identified the use of EIP-7702 authorizations, w...