30-Oct-2026 08:29:14
Suspected $5.9 Billion Binance Hack Sparks Crypto Sell-Off; Bitcoin, Ethereum Fall
Binance is investigating a major suspected security breach after blockchain analytics firm Chainalysis estimated approximately $5.9 billion in crypto assets was stolen. Reported outflows span Bitcoin, Ethereum and TRON networks, making this potentially one of the largest crypto hacks on record. Binance has not independently confirmed the full loss, while Tether and Circle froze billions in associated assets. Market sentiment weakened, with Bitcoin falling below $78,000 and Ethereum dropping towards $2,200 amid heightened security concerns.