Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday.
1451 stories · all sources
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday.
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the $6.3 billion Binance hack is unlikely to derail the crypto market's recovery.
Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets.
Your day-ahead look for Oct. 30, 2026
On Ethereum, the attacker used a 2025 upgrade built to make ordinary wallets smarter, armed with 50 signatures from Binance's own wallet.
Bitcoin traded near $77,350 after $6.3 billion Binance hack, with crypto futures liquidations jumping to $1.57 billion.
Andrew Kang’s departure comes as Strategy reports $21 billion in quarterly operating income and bitcoin holdings of 848,517 BTC.
The $6.3 billion Binance hack added to crypto jitters, while weak earnings outlooks and mounting concerns over AI spending pushed the Nasdaq down more than 2%.
The hacker dumped FUN and other smaller tokens into markets too small to absorb large selling, leading to price crashes.
Bets on rising prices accounted for nearly 84% of forced closures, with Binance handling almost half the total. A rebound has since started catching short sellers.
A set of fixes would tighten who can hold permissioned tokens on the network. The XRP Ledger Foundation says no users were affected.
CoinDCX has restricted new futures positions after Binance’s security incident disrupted a key liquidity provider. Deposits, withdrawals and customer funds remain unaffected, the exchange said.