Binance suffered a hack estimated at $6.4 billion, the largest on record and more than four times the $1.5 billion Bybit heist of February 2025, yet Bitcoin only dipped to about $76,400, roughly 6% below its post-Fed level. Unlike March 2018, when Bitcoin fell from $10,740 to $9,690 within minutes, the crypto market is now worth roughly $2.6 trillion versus just over $400 billion then, and U.S. spot Bitcoin ETFs hold roughly 1.3 million coins. Binance says it has set aside more than $6.34 billion to cover all losses, about $3 billion is frozen, and withdrawals should resume in 45 hours. The Fear and Greed index fell to 36 from 43, and more than $1.3 billion in leveraged positions were liquidated. Chainalysis and TRM Labs tie the attack to the North Korean group behind the Bybit heist.
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cryptobitcoinBinancecybersecurity
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $97.5B |
| Close on 10/29/2026 | 698.46 |
| Change that session | -8.08% |
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/29/2026 | 77,991.89 |
| Change that session | -4.12% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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