Binance Loses $4.67 Million in Axelar Bridge Hack

A recent hack on the Axelar Bridge has resulted in a significant loss of $4.67 million for Binance, a leading cryptocurrency exchange.

The incident highlights the importance of robust security measures in the crypto space, where attacks can occur rapidly and have far-reaching consequences.

According to the analysis, the price of AVAX is currently holding near a key demand zone after recent consolidation. This suggests that buyers are still defending current levels, despite broader market volatility.