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Ethereum price drops 2.6% after $440M stolen in Binance hack raises selling fears

Market News
30 Oct 2026, 00:50 WIB
CryptoTicker
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Bearish
Ethereum price drops 2.6% after $440M stolen in Binance hack raises selling fears

Ethereum's price fell 2.6% within an hour after a Binance hot wallet was hacked, with about 195,460 ETH worth over $440 million stolen. While stablecoins were frozen by issuers, Ether cannot be frozen, raising fears that the attacker selling the stolen ETH could further depress prices. The hack exploited a wallet key handling weakness, not the Ethereum protocol itself. Investors are advised to watch the attacker’s address for movements and consider self-custody to protect their holdings.

The Ethereum hack involving 195,460 ETH stolen from a Binance hot wallet is notable in the context of current cryptocurrency market trends. For readers following crypto markets, here is Pluang's snapshot as of Oct 30, 2026 04:51 WIB: out of 50 major cryptocurrencies priced on Pluang, only 5 rose while 44 fell. Among notable movers, MANA dropped 8.57% to Rp1,333 with 100% sell order activity, GRT fell 8.34% to Rp378 with 58% sell orders, and SUSHI declined 8.18% to Rp3,496 despite 100% buy order activity.

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