Bitcoin▼ Bearish● Important

Binance hit by over $6B loss in hack as bitcoin slides to $77,000

TradingGain Newsroom·13h ago·29 Oct 2026, 21:12 UTC

Binance has lost more than $6 billion in what CoinDesk calls the biggest crypto hack in history. Crypto prices fell on the news, and bitcoin dropped back to $77,000. Binance's co-CEO has said the exchange will cover all of the losses.

Why it matters

Bitcoin fell back to $77,000 as crypto prices slid on the hack news.
Binance says it will cover all losses, which could limit the spillover to other markets.
A hack of this size may make traders more cautious about where they hold funds.

What to watch next

Watch whether bitcoin holds the $77,000 level and whether Binance sets out how it will cover the losses.

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.