Bitcoin▼ Bearish● Important

Binance reports $5.7 billion hack, which CoinDesk calls the biggest in crypto history

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

Binance has lost $5.7 billion in what CoinDesk calls the biggest crypto hack in history. Crypto prices fell on the news, and bitcoin slid back to $79,000. Traders may want to watch how sharply the market reacts as the loss sinks in.

Why it matters

Binance's $5.7 billion loss is described as the largest crypto hack ever.
Bitcoin has dropped back to $79,000 as the news weighs on prices.
Broad price declines suggest the news is hurting sentiment across the crypto market.

What to watch next

Watch whether bitcoin holds near $79,000 and whether more details on the Binance hack emerge.

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

Binance reports $5.7 billion hack, which CoinDesk calls the biggest in crypto history — Story card · share it on your status or channel⬇ Download image

More stories

All news →

14m ago

Other● Neutral

Trezor Tells CryptoBilis Buyers to Move Funds After Safe 5 Implant Report

Trezor, a hardware wallet maker, has told buyers of the CryptoBilis Safe 5 device to move their funds. The warning follows a report of a hardware implant in the device. Trezor has not yet examined the device but is treating the report as credible.

Decrypt ↗

21m ago

Market Data▲ Bullish● Important

PARTI rallies 34.3% in 24 hours on heavy volume

PARTI is one of the biggest movers among the most traded coins today, up 34.3% to $0.05269 with $386.1M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.

PARTILive chart →

21m ago

Market Data▼ Bearish● Important

SNXX falls 19.8% in 24 hours on heavy volume

SNXX is one of the biggest movers among the most traded coins today, down 19.8% to $7.84 with $639.5M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.

SNXXLive chart →

29m ago

DeFi▲ Bullish● Important

RUNE rises 13% as calls grow for THORChain to act after major hacks

RUNE, the token of THORChain, jumped 13% after a reported record $6.3 billion hack at Binance. North Korean hackers had previously used THORChain to move funds stolen from Bybit and Bitget, and people are now calling on the protocol to step in. For traders, the sharp price move and the pressure on THORChain could bring further volatility.

Cointelegraph ↗

40m ago

Bitcoin● Neutral

Strategy CFO Andrew Kang resigns; MSTR shares fall 6% despite record quarterly income

Strategy's chief financial officer, Andrew Kang, is leaving the company even as it reports $21 billion in quarterly operating income. The firm also holds 848,517 BTC, and its MSTR stock fell 6%. Traders may watch how the leadership change and the share drop affect sentiment around the company's bitcoin holdings.

BTCCoinDesk ↗

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.