--- title: "Binance confirms record $6.4 billion hack as Bitcoin holds steadier than in 2018" description: "Decrypt reports Binance confirmed an attack in which Chainalysis and TRM Labs estimate roughly $6.4 billion was stolen, more than four times the $1.5 billion…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-binance-hack-why-bitcoin-didn-be62b0485a1f1a" published: 2026-10-30T18:46:58.000Z updated: 2026-10-30T19:48:01.000Z indexable: true --- # Binance confirms record $6.4 billion hack as Bitcoin holds steadier than in 2018 Decrypt reports Binance confirmed an attack in which Chainalysis and TRM Labs estimate roughly $6.4 billion was stolen, more than four times the $1.5 billion… Attributed sources: [Decrypt]() ## Key facts Decrypt reports Binance confirmed an attack in which Chainalysis and TRM Labs estimate roughly $6.4 billion was stolen, more than four times the $1.5 billion Bybit heist of February 2025. Binance says it set aside more than $6.34 billion to cover every loss. Evidence strength: Single source, 1 publisher group(s) (Decrypt). After site detection, observed returns were 5 minutes: -0.13% (Oct 30, 2026, 18:46 → Oct 30, 2026, 18:51, UTC; Gate · USDT); 1 hour: +0.13% (Oct 30, 2026, 18:46 → Oct 30, 2026, 19:46, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Oct 30, 2026, 18:46, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.13% | -0.13% | 0.00 pp | Oct 30, 2026, 18:46 → Oct 30, 2026, 18:51 | Gate · USDT | | 1 hour | +0.13% | +0.13% | 0.00 pp | Oct 30, 2026, 18:46 → Oct 30, 2026, 19:46 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 30, 2026, 18:46 | ## Claims and open questions - Chainalysis and TRM Labs put the theft at roughly $6.4 billion, more than four times the previous record, the $1.5 billion Bybit heist of February 2025. - Binance says it has set aside more than $6.34 billion of company funds to cover every loss, with about $3 billion frozen and withdrawals on track to resume in 45 hours. - Which specific addresses or wallets hold the attacker's remaining more than 420,000 ETH and 18,270 BTC, and what on-chain data would confirm those balances? - What Friday's ETF flow figures show, which Decrypt identifies as the first read on whether spot Bitcoin ETF holders are selling after the theft? ## Source evidence - [Binance Hack: Why Bitcoin Didn't Crash Like It Did in 2018]() — Decrypt; published Oct 30, 2026, 18:45; received Oct 30, 2026, 18:46 (UTC). ## Recent BTC events and market reactions - [Wall Street analysts call Binance hack a buying opportunity for crypto stocks]() — Published Oct 30, 2026, 20:06 (UTC) · Single source (1 publisher) · Security · 5m +0.06% / 1h -0.35% - [SEC charges two companies over $130 million crypto investment scheme]() — Published Oct 30, 2026, 14:38 (UTC) · Single source (1 publisher) · Regulation · 5m +0.00% / 1h +0.78% - [Analysts keep buy ratings on Strategy after preferred-stock changes]() — Published Oct 30, 2026, 14:30 (UTC) · Single source (1 publisher) · General news · 5m +0.21% / 1h +0.79% - [Chainalysis and TRM Labs link $6.3 billion Binance hack to North Korea's TraderTraitor]() — Published Oct 30, 2026, 14:13 (UTC) · Single source (1 publisher) · Security · 5m +0.23% / 1h +1.42% - [Doomberg calls US Treasury pressure on central banks wildly bullish for Bitcoin]() — Published Oct 30, 2026, 13:26 (UTC) · Single source (1 publisher) · Regulation · 5m -0.22% / 1h -0.58% - [Full coin archive]() ## Research for this archive - [Crypto hacks and price impact: Bybit and Cetus case studies]() - [Why is crypto moving? How to check the evidence behind a price explanation]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() 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]()