Key facts
- A Binance hot wallet was drained of approximately $2.8 billion on October 29, 2026.
- Over $2.5 billion in assets were frozen following the security incident.
- Bitcoin reached a six-week low of $77,646 on October 30, 2026.
- Ether hit a two-month low of $2,238.76 on October 30, 2026.
- BNB fell more than 8% in the 24 hours leading up to October 30, 2026.
Cryptocurrency prices declined on Friday, October 30, 2026, following reports of a significant security issue at Binance, the world's largest crypto exchange. A hot wallet belonging to Binance was drained of approximately $2.8 billion in a single transaction on October 29, 2026. In response, Binance stated it was investigating the potential security breach and that over $2.5 billion in assets had been frozen. Major cryptocurrencies experienced sharp drops, with Bitcoin falling to a six-week low and ether reaching a two-month low. BNB, Binance's native token, also saw a substantial decline.