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Hackers move $120M TRX from Binance breach, highlighting challenges in recovering native tokens.

31 Oct 2026, 04:10 WIB
Crypto Briefing
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Bearish
Hackers move $120M TRX from Binance breach, highlighting challenges in recovering native tokens.

Following the October 29, 2026 hack on Binance that drained $6.3 billion across multiple blockchains, attackers have moved 120 million TRX to unknown addresses. The breach hit Tron hard, with attackers swapping stablecoins for TRX, which lacks a freeze mechanism, making recovery difficult. While stablecoins like USDT were partially frozen by issuers, TRX remains largely in the hackers' control, complicating recovery efforts. This incident underscores the security risks for centralized exchanges and may drive traders toward decentralized platforms.

TRX's market cap on Pluang stands at Rp558,75 trillion as of Oct 31, 2026 08:21 WIB, with a 24-hour trading volume of Rp32,19 trillion. Despite the recent hack involving 120 million TRX, the token's price has dropped 10.27% in the past day, reflecting notable selling pressure as Pluang order activity shows 61% sell orders. Meanwhile, USDT remains more stable with a market cap of Rp3.262,31 trillion and a 1-day price change of -0.15%.

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