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BNB drops over 8% after Binance hack freezes $3B and halts withdrawals

Market News
30 Oct 2026, 13:20 WIB
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Bearish
BNB drops over 8% after Binance hack freezes $3B and halts withdrawals

BNB fell more than 8%, dropping below $700 after Binance confirmed a security breach affecting $6.3 billion in assets. Binance froze $3 billion and paused withdrawals while promising to reimburse customers from its Secure Asset Fund. The incident raised concerns about exchange security and caused BNB to weaken more than other major cryptocurrencies. BNB's price now faces critical support at $680, with recovery dependent on Binance's remediation and customer confidence restoration.

BNB is currently trading at Rp12.728.090 on Pluang, down 5.76% in the last day. As of Oct 30, 2026 17:31 WIB, the market shows a strong sell sentiment with 63% of orders to sell and a typical hold time of 90 days among investors.

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