Bitcoin● Neutral● Important

Binance Suffers $6.4B Hack, but Bitcoin Falls Only About 3%

TradingGain Newsroom·1h ago·30 Oct 2026, 18:45 UTC

Binance lost about $6.4 billion in what is the largest crypto hack on record. Bitcoin dropped about 3%, far less than the nearly 11% fall seen in 2018, when the exchange was last attacked. The milder reaction may matter for traders watching how the market handles exchange security risks.

BTCAt the time of writing, Bitcoin traded at $76,651 (-5.17% in 24h).Live price →

Why it matters

The hack is the largest crypto theft on record, with about $6.4 billion lost by Binance.
Bitcoin fell about 3% this time, compared with nearly 11% when Binance was last attacked in 2018.
A smaller price drop may suggest the market is handling exchange-level shocks better than before.

What to watch next

Watch how Bitcoin trades in the days after the hack and whether Binance issues an official update on the losses and recovery.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Decrypt.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.