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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.
Standard Chartered says the Binance hack could accelerate crypto trading’s shift toward decentralized exchanges and support Uniswap over the long term. Analyst Geoffrey Kendrick maintained a $100 UNI target for 2030 while warning that markets may remain weak until more details emerge.
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.
Binance reserve figures show wallets drained in a hack were still included as backing for customer balances. That leaves the exchange’s ether backing estimated at about 6% below those balances until the stolen assets are replaced, according to CoinDesk.
Binance says a compromised DevOps engineer’s laptop may have enabled a $6.3 billion crypto breach. The exchange has frozen about $3 billion in assets, says user funds are safe, and is investigating suspected signing-system abuse without evidence of a leaked private key.
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.
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.
Wallets tied to the suspected Binance hack converted stablecoins into ETH through Uniswap and Aave, prompting Aave and Kamino to pause markets. Stablecoin issuers froze more than $2 billion in USDT and USDC, while Ripple blocked about $200 million in RLUSD.
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.
Polymarket’s five-minute Bitcoin markets now use 60-second averaged benchmarks rather than single snapshots. Early research found that a previously observed Binance settlement-time trading pattern subsided, but it did not establish current wallet profits or eliminate every possible manipulation strategy.
Brazilian companies sharply increased trading in USDT and bitcoin as they reacted to Luiz Inácio Lula da Silva’s unexpected election victory. Corporate accounts generated 78% of Mercado Bitcoin’s volume, while the real and Brazilian stocks suffered steep losses the following day.
Binance has applied for a Brazilian cryptocurrency service provider license before the country’s Oct. 30 deadline. The exchange is restricting several products and delisting 22 assets for local users while seeking to preserve access to crypto, stablecoin trading, payments and investment services.
