Table of contents Bitcoin slipped through $77,000 in the early hours of October 30 and kept sliding, settling near its lowest level in six weeks after the fallout from a record Binance hot-wallet hack...
Summary
- Table of contents Bitcoin slipped through $77,000 in the early hours of October 30 and kept sliding, settling near its lowest level in six weeks after the fallout from a record Binance hot-wallet hack forced the world’s largest exchange to close its on-chain doors in both directions.
- The leading cryptocurrency traded near $76,600 on Binance, down roughly 4% over 24 hours, after the exchange said it was suspending all deposits and withdrawals while it froze funds, coordinated with law enforcement, and pledged to cover every dollar lost.
- The slide came hours after an attacker drained Binance 14, one of the exchange’s most active Ethereum hot wallets, of about $2.5 billion in a single transaction — a figure that has since climbed as security firms and the exchange itself tallied the damage.
- Ethereum, Solana, and Binance’s own BNB token all fell harder than Bitcoin, a sign the fear was broad rather than Bitcoin-specific.
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