EETH.XA is trading at A$3.05, down 3.48%, as broad crypto risk aversion followed reports of a suspected multibillion-dollar Binance security incident.
- Binance said it was investigating; the breach was not confirmed.
- Ether was reported down about 3% as the news spread, while reports of large Ether holdings linked to the incident raised concern about potential selling pressure.
- Recent U.S. spot Ether ETF outflows may also have added pressure, though broad crypto risk aversion was the clearest catalyst.