Institutional investors are rapidly withdrawing assets from centralized exchanges after the Binance hack to reduce security risks, according to CoinDesk, though the size of these outflows and their destinations have not been determined. Binance estimates total stolen assets at about 6.3 billion USD, of which around 3 billion USD has been frozen, including 2.3 billion USD in the stablecoins USDT and USDC. The main cause may involve a compromised laptop belonging to an engineer; Binance has temporarily suspended withdrawals, and co-CEO Yi He said the platform will cover all losses from the attack. Bitcoin dipped to a low of about 76,460 USD, and total liquidations reached 1.53 billion USD over 24 hours, nearly 84% of them long positions.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: 'Cá mập' đang ráo riết rút tiền số khỏi các sàn sau vụ Binance bị hack
Read the original on VnExpress ↗
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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
▼ Likely negativeBitcoin
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% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/29/2026 | 2,253.13 |
| Change that session | -4.52% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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