CNBC · 2026-10-30 00:32 UTC

Bitcoin tumbles below $78,000 as Binance security scare rattles crypto markets

Bitcoin fell over 4% to $77,994.96 below the $80,000 threshold amid concerns over a potential security breach at Binance; Ether dropped 4.84% to $2,247.45 and BNB tumbled 7.68% to $694.45. Circle, Tether, and Ripple froze a combined $2.54 billion in funds linked to the suspected incident, with Arkham Intelligence identifying nearly $6 billion in digital assets across 55 wallets potentially associated with the breach. Binance has not explicitly confirmed a hack occurred but said it was investigating reports of a potential security issue and that user funds remained safe.

Loading the story on Tree News…