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Binance estimates Thursday’s security incident affected about $6.3 billion in assets, with roughly $3 billion frozen onchain. The exchange says investigators found more breach points than initially identified, while deposits have reopened and withdrawals remain suspended.
Bitcoin fell below $77,000 as a reported $6.3 billion Binance exploit unsettled crypto markets. At the same time, the Nasdaq dropped more than 2% amid weak earnings outlooks and growing concerns over heavy artificial-intelligence spending.
A reported $6.3 billion Binance hack has intensified cryptocurrency-market jitters, while concerns over artificial-intelligence spending and weak earnings outlooks pushed the QQQ technology ETF down more than 2%, according to CoinDesk.
A selloff in bitcoin, ether and XRP wiped out about $1.5 billion in leveraged crypto positions, with bullish bets making up nearly 84% of liquidations. Binance handled almost half, while a subsequent rebound began forcing short sellers out.
Strategy says it could create up to $30 billion in digital credit to fund additional Bitcoin purchases, mainly through preferred-share offerings. The figure is a potential capacity rather than a fundraising target, while the company also prepares for a CFO transition.
A Binance-linked cryptocurrency theft valued at approximately $6.36 billion began with a $296 million XRP transfer after at least 36 hours of preparation. Investigators traced coordinated movements across 10 blockchains, while the source of key wallet authorizations remains unresolved.
A hacker linked to Binance has split 18,270 bitcoin—worth about $1.4 billion—across 19 wallets. CoinDesk’s blockchain analysis found that 17 wallets each held exactly 1,000 BTC and that none of the coins had moved since Thursday night.
Bitcoin briefly fell to about $76,300 after Binance confirmed a security breach with an estimated $6.3 billion impact. Binance said roughly $3 billion had been frozen on-chain, suspended deposits and withdrawals, and pledged to cover user losses through SAFU and company funds.
Bitcoin and ether declined after a suspected $6.3 billion Binance security breach and a separate Polymarket exploit. Standard Chartered warned that crypto prices could face further pressure before finding a base, while Moneyiar data showed mixed recent performance across major tokens.
Institutional crypto investors are withdrawing funds from exchanges following a multibillion-dollar hack involving Binance, according to CoinDesk. The move suggests that concerns over the breach may be spreading across the wider centralized crypto-exchange sector.
Security researchers suspect North Korea’s Lazarus Group was behind a nearly $6 billion hack affecting Binance, the world’s largest cryptocurrency exchange. CoinDesk reported the attribution, while available Moneyiar data showed BNB trading at $740.8618136891.
A multibillion-dollar hack at Binance pushed crypto markets lower, sending BNB down more than 8% and Bitcoin toward $77,000. Binance said it would cover all losses and paused deposits and withdrawals, while Aave took precautionary steps in some lending markets.
Strategy posted a record $20.91 billion in third-quarter operating income as Bitcoin’s rebound increased the marked value of its holdings. Revenue declined, while negative Bitcoin-per-share growth and preferred-dividend obligations continued to pressure the company’s financing strategy.
Bitcoin fell below $79,000 after reports of a suspected Binance hack and outflows of up to $5.8 billion. Tether and Circle froze billions in stablecoins, while Binance said it was investigating and had not confirmed a breach.
At least $5.57 billion left Binance-linked wallets across Ethereum, Bitcoin and Tron in a suspected breach. Binance is investigating, while Tether and Circle froze about $1.8 billion in stablecoins from the main receiving wallet.
Binance confirmed a record $6.3 billion cryptocurrency hack and said it would cover all losses. The exchange and partners froze about $3 billion in affected assets, while Tether and Circle restricted more than $2.36 billion in linked stablecoins.
Binance has reported losses exceeding $6 billion in what CoinDesk described as the largest crypto hack on record. Its co-CEO said the exchange would cover the losses, while bitcoin fell back to about $77,000 as markets reacted.
Coinbase posted $719 million in third-quarter net income, ending two losing quarters, but roughly $715 million came from gains on crypto investments. Revenue was $1.22 billion, while prediction markets and subscription services provided growth as trading activity weakened.
