Bitcoin Plunges 6% as Crypto Market Faces Broad Sell-Off and Security Alerts
The cryptocurrency market slumped as Bitcoin dropped 6.06% to $69,203 and Ethereum fell 5.13%. Simultaneously, Binance issued an urgent security warning to iPhone users over a critical vulnerability affecting Apple devices.
The cryptocurrency market experienced a widespread downturn, led by Bitcoin dropping 6.06% to trade at $69,203 with a market capitalization of $1.38 trillion. Over the past week, the leading cryptocurrency has plunged 9.02%.
Ethereum followed a similar negative trajectory, sliding 5.13% to $1,947.22 and bringing its weekly losses to 13.22%. Its market capitalization now stands at $236.48 billion. Other major digital assets also posted losses, including Binance Coin, which dropped 5.81% to $635.40, and Ripple, which fell 1.56% to $1.0275. Meanwhile, stablecoins Tether and USDC remained relatively stable, trading near parity at $0.9993 and $1.0008 respectively.
Binance Issues Security Warning for iPhone Users
Amid the market correction, Binance, the world's largest cryptocurrency exchange, issued an urgent security warning to all iPhone users. According to the advisory, a vulnerability in Apple operating system versions iOS 26.7.1, 27.0.1, and 27.2 could allow malicious applications to read private files belonging to other apps on the device. For crypto holders, this poses a severe risk, as recovery seed phrases, private keys, and login credentials stored in wallet apps could be exposed.
The exchange recommends three immediate steps: removing unknown applications, updating the operating system to a patched version as soon as possible, and generating new wallet credentials on a completely clean device if exposure is suspected. Furthermore, the company emphasizes that storing recovery phrases or private keys on mobile devices is inherently risky, recommending offline physical storage or handwritten notes instead.
Growing Security Threats Across the Industry
This security alert comes during a turbulent period for the digital asset sector. Two weeks ago, Binance reported a massive security breach resulting in losses of approximately $6.34 billion, which the FBI attributed to a North Korean-linked hacking group. Concurrently, hardware wallet manufacturer Trezor reported a suspected tampering incident involving malicious components found in a device sold in Southeast Asia, while prediction platform Polymarket temporarily suspended trading after malicious code was distributed through a compromised third-party service.
