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Largest crypto hack hits Binance with $6.3B stolen, but Bitcoin price holds up better than past breaches

Market News
30 Oct 2026, 20:54 WIB
CNBC
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Neutral
Largest crypto hack hits Binance with $6.3B stolen, but Bitcoin price holds up better than past breaches

Binance suffered the largest crypto hack in history, losing about $6.3 billion in client assets, linked to North Korea. Despite this, Bitcoin's price dropped only 4%, less than previous exchange hacks, because the Bitcoin network itself was not compromised. Binance's swift response, asset recovery efforts, and assurances that user funds are safe have helped maintain market confidence. The incident highlights the difference between exchange security and blockchain security, with many investors holding Bitcoin for the long term despite market volatility.

The Binance hack and its impact on Bitcoin provide context for market conditions. For readers following US stocks on Pluang, here is the market snapshot as of Oct 31, 2026 01:11 WIB: out of 150 priced US stocks, 45 rose and 105 fell. Notable movers include QCOM at USD 162.60 with a 1-day change of -12.30%, FCEL at USD 10.71 down 12.03%, and MRVL at USD 192.44 down 11.86%.

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