BLOOMBERG · 2026-10-30 05:20 UTC

Bitcoin Stolen in Binance Hack Is Likely 'Gone,' Ballet Says

Binance suffered a hack affecting $6.3 billion in assets, with about $3 billion frozen so far. Ballet Global founder Bobby Lee said the stolen Bitcoin is 'gone' and unlikely to be recovered, though stablecoins may be recoverable. Bitcoin fell less than 1% to $78,269 in Asian trading Friday, as the crypto market showed maturity in response to the hack.

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