Bitcoin Price Drops Following Record $6.3 Billion Binance Hack
Bitcoin (BTC) fell approximately 5% on Friday, October 30, 2026, dropping to around $76,400 following a massive security breach at Binance. Attackers successfully drained $6.3 billion from the exchange's hot wallets across ten different blockchains, including roughly $1.45 billion worth of Bitcoin. Blockchain analytics firms have linked the attack to North Korea's state-sponsored TraderTraitor group. The sudden price drop triggered a wave of liquidations in leveraged positions, further driving down the asset's value. While Binance has suspended withdrawals until Sunday and pledged to cover all user losses—a move intended to prevent a repeat of the FTX collapse—the event highlights ongoing volatility and security risks within the cryptocurrency sector.
Tickers: $BTC
Topics: Binance hack Bitcoin price drop Crypto theft North Korea hacking group
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