# Binance Hack Spurs $6.3 Billion Loss Estimate as Bitcoin Falls

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/44984
Published: 2026-10-30T18:11:27.000Z
Updated: 2026-10-30T18:11:27.000Z
Section: Technology

> Several entities froze about $3 billion as Bitcoin hit a six-week low of $76,400 and crypto liquidations climbed to $1.5 billion.

Binance confirmed it was hit by a hack Friday, with losses estimated near $6.3 billion as Bitcoin (BTC) fell to a six-week low.

Several entities, including Tether, froze roughly $3 billion. Bitcoin fell to $76,400 before rebounding about $1,000. BNB dropped below $700, while Solana (SOL) slid more than 7%.

Crypto liquidations reached $1.5 billion, and more than 235,000 traders were wiped out over the day.

Bitcoin had touched $79,100 over the weekend and rebounded by about $2,000 on Sunday, then struggled to stay above $80,000. BTC rose to $81,800 after the Federal Reserve paused interest-rate hikes Wednesday, but fell to $80,500 Thursday before the Friday decline.