THE NATIONAL · 2026-10-30 04:06 UTC

Bitcoin slides below $77,000 as Binance hack rattles crypto markets

Binance disclosed a security breach affecting approximately $6.3 billion in assets, with blockchain analytics linking the attack to North Korean hacking group TraderTraitor. Bitcoin fell 4.5% to $76,664 in 24 hours before recovering to $77,984 (down 2.2%), while Ether dropped 5.2% and BNB slid 7.1%, with over $1.5 billion in leveraged positions liquidated. Binance co-CEO Yi He said the exchange would cover all losses; about $3 billion has been frozen including $2.3 billion in stablecoins, with deposits and withdrawals suspended.

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