Binance Hack Sends Crypto Fear and Greed Index Crashing to 30

Binance suffered a security breach that sent the Crypto Fear and Greed Index plunging to 30, deep into "fear" territory, compounding pressure on an already weakening crypto market. The attack on the world's largest exchange by volume triggered the sentiment collapse, with the index dropping further into fear territory as traders reacted to the news. The breach adds to mounting headwinds for digital assets, which had already been showing signs of weakness before the incident. Market participants are watching for Binance's response, including any disclosure of stolen funds, exchange pauses, or compensation plans, as well as whether sentiment stabilizes or deteriorates further in upcoming index readings.