Binance said on Oct. 29 that hackers had stolen about $6.3 billion, which the article describes as the biggest crypto hack in history. After the announcement, Bitcoin fell 5.6% within 24 hours and BNB dropped 6.2%. Binance had a rainy-day fund worth around $1 billion and has set aside more than $6.3 billion of its own capital to restore affected customer balances, so direct losses appear covered. Tether froze more than $1.5 billion of USDT and Circle froze $800 million of USDC tied to the theft, and the article says the major blockchains themselves were not breached. More than $3.3 billion was lost to hacks and scams in 2025, and more than $8.7 billion has been lost in 2026 so far.
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Related tickers and likely impact
BNB/USDT
▼ Likely negativeBNB
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Exchange tokens |
| Market cap | $92.9B |
| Close on 11/01/2026 | 712.69 |
| Change that session | +1.24% |
BTC/USDT
▼ Likely negativeBitcoin
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/01/2026 | 78,354.00 |
| Change that session | +1.00% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $277.2B |
| Close on 11/01/2026 | 2,275.31 |
| Change that session | +0.87% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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