--- title: "Binance suffers multibillion-dollar hack as BNB drops 8%" description: "Cointelegraph reported that Binance suffered a multibillion-dollar hack, sending BNB down 8% while Bitcoin, Ether and the wider crypto market also fell, with…" language: en canonical: "https://whycoinmoves.com/en/events/binancecoin-binance-hack-rattles-crypto-markets-dda26ea93478ab" published: 2026-10-29T23:34:57.000Z updated: 2026-10-30T02:24:03.000Z indexable: true --- # Binance suffers multibillion-dollar hack as BNB drops 8% Cointelegraph reported that Binance suffered a multibillion-dollar hack, sending BNB down 8% while Bitcoin, Ether and the wider crypto market also fell, with… Attributed sources: [Cointelegraph](), [The Block]() ## Key facts Cointelegraph reported that Binance suffered a multibillion-dollar hack, sending BNB down 8% while Bitcoin, Ether and the wider crypto market also fell, with Bitcoin nearing $77K. Evidence strength: Multiple publishers, 2 publisher group(s) (Cointelegraph, The Block). After site detection, observed returns were 5 minutes: -0.14% (difference from BTC +0.10 pp; Oct 29, 2026, 23:34 → Oct 29, 2026, 23:39, UTC; Gate · USDT); 1 hour: -2.82% (difference from BTC -0.84 pp; Oct 29, 2026, 23:34 → Oct 30, 2026, 00:34, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.12% (OKX · USDT; cutoff Oct 29, 2026, 23:34, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.14% | -0.24% | +0.10 pp | Oct 29, 2026, 23:34 → Oct 29, 2026, 23:39 | Gate · USDT | | 1 hour | -2.82% | -1.98% | -0.84 pp | Oct 29, 2026, 23:34 → Oct 30, 2026, 00:34 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.18% | | 99th percentile of absolute hourly returns | 1.12% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 29, 2026, 23:34 | ## Claims and open questions - Cointelegraph reported that Binance suffered a multibillion-dollar hack. - Cointelegraph reported that Bitcoin, Ether and the broader crypto market took a dive, with Bitcoin nearing $77K. - What exact dollar figure and which assets were taken in the Binance hack, as would be detailed in an official Binance statement or on-chain data? - Has Binance confirmed the incident and any remediation steps, such as pausing withdrawals or reimbursing users, in an official announcement? ## Source evidence - [Binance hack rattles markets as BNB falls 8%, Bitcoin nears $77K]() — Cointelegraph; published Oct 29, 2026, 23:24; received Oct 29, 2026, 23:34 (UTC). - [Bitcoin slides below $77,000, BNB drops amid Binance hack]() — The Block; published Oct 30, 2026, 02:22; received Oct 30, 2026, 02:24 (UTC). ## Recent BNB events and market reactions - [BNB Smart Chain node: v1.8.1 released]() — Published Oct 16, 2026, 10:51 (UTC) · Official source (1 publisher) · Project updates · 5m -0.10% / 1h +0.61% / 24h +0.67% - [Full coin archive]() ## Recent Security events on other coins - [BTC: Bitcoin falls below $79,000 as suspected Binance hack roils markets]() - [USDT: Binance investigates multibillion-dollar wallet breach; Tether and Circle freeze stablecoins]() - [BTC: Bitcoin Core discloses undo file overflow bug and fixes it in new releases]() - [Security]() ## Research for this archive - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [BNB spot and perpetual hedging: airdrops, funding and yield risks]() - [Does crypto news move prices or follow them? A timestamp audit]() - [Crypto hacks and price impact: Bybit and Cetus case studies]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()