Binance Hack Triggers $1.55B in Crypto Liquidations Amid Market Turmoil
A record $6.3 billion security breach at Binance has sent shockwaves through the crypto market, causing significant price volatility and liquidations.
A record $6.3 billion security breach at Binance has sent shockwaves through the crypto market, causing significant price volatility and liquidations. Bitcoin (BTC) is trading at $77,176.00, down 0.2% since this brief published. This is an original TLT brief based on reporting by CaptainAltcoin, with live market data added, as of Sat, 31 Oct 2026 04:15:03 UTC.
The Binance hack, the largest in crypto history, has undermined market confidence and triggered widespread liquidations, highlighting vulnerabilities in exchange security and the interconnected nature of crypto markets.
- Binance suffered a $6.3 billion security breach, the largest crypto exchange hack on record.
- The incident caused over $1.55 billion in liquidations across the crypto market.
- Bitcoin, Ethereum, and other major cryptocurrencies experienced significant price volatility.
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- Binance Hack Triggers $1.55B in Crypto Liquidations Amid Market Turmoil — this brief
- Crypto Stocks Plunge as Binance Hack Triggers Market Turmoil
On October 29-30, Binance, one of the world's largest cryptocurrency exchanges, suffered a security breach resulting in the loss of approximately $6.3 billion in assets. This breach, which affected multiple blockchains, is being reported as the largest crypto exchange hack in history.
The attack, which unfolded over about 20 minutes, involved the unauthorized draining of various cryptocurrencies, including 
Bitcoin, 
Ethereum, and stablecoins. Binance has acknowledged the incident, but specific details about the compromised assets and the breach's technical nature remain limited.
Multiple outlets, including CaptainAltcoin and Crypto.news, corroborate the $6.3 billion figure for the breach. They also agree that the incident triggered over $1.55 billion in liquidations across the crypto market, as per CoinGlass data. Crypto.news further reports that the market turmoil affected major cryptocurrencies like Bitcoin, Ethereum, and 
XRP, causing significant price volatility.
In the aftermath of the breach, the total crypto market cap stands at $2.67 trillion, with Bitcoin at $77,357, up 0.19% in the last 24 hours but down 4.04% over the past week. Ethereum is at $2,244.49, up 1.80% in the last 24 hours but down 5.49% over the past week. The overall market sentiment, as indicated by the Fear & Greed Index, remains at 30, indicating a state of 'Fear'.
The breach has underscored the vulnerabilities in exchange security and the potential for significant market disruption. Investors and regulators are likely to scrutinize Binance's security measures and the broader implications for the crypto market. The situation bears close monitoring for further developments and potential regulatory responses.
Since this brief published about 12 hours ago, Bitcoin (BTC) has moved from $77,357.00 to $77,176.00 — -0.23%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦106.23M (about $77,176.00), down 1.0% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Binance Hack Triggers $1.55B in Crypto Liquidations Amid Mar — questions & answers
How much was stolen in the Binance hack?
The reported amount is $6.3 billion, making it the largest crypto exchange hack on record.
What impact did the Binance hack have on the crypto market?
The hack triggered over $1.55 billion in liquidations and caused significant price volatility across major cryptocurrencies.
Which cryptocurrencies were affected by the Binance hack?
Bitcoin, Ethereum, XRP, and other major cryptocurrencies experienced price volatility and liquidations.
How much is 1 Bitcoin worth in naira today?
About ₦106.23M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $77,176.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.23% since this brief first published — trading at $77,176.00 now versus $77,357.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CaptainAltcoin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.