Kamino Pauses SOL/BTC Borrowing Amid Binance Hack Concerns
The Solana-based lending protocol halts borrowing to mitigate risks from the recent Binance security incident.
The Solana-based lending protocol halts borrowing to mitigate risks from the recent Binance security incident. Bitcoin (BTC) is trading at $77,878.00, down 1.1% since this brief published. This is an original TLT brief based on reporting by Coinfomania, with live market data added, as of Fri, 30 Oct 2026 00:00:05 UTC.
The decision underscores growing security concerns in DeFi and could impact user trust and protocol liquidity. It also highlights the vulnerability of decentralized platforms to external security events.
- Kamino has paused SOL/BTC market borrowing due to Binance hack risks.
- The protocol aims to revolutionize margin lending with 0% interest on tokenized equities.
- Solana DeFi TVL stands at $5.61B, while Kamino's TVL is $1.27B (-7.8% 7d).
Kamino, a 
Solana-based lending protocol, has temporarily suspended borrowing for the SOL/BTC market in response to potential risks arising from the recent Binance security incident. This decision reflects the ongoing challenges of maintaining security in the decentralized finance (DeFi) ecosystem.
The protocol, which aims to revolutionize margin lending by offering 0% interest on tokenized U.S. equities, has taken this step to protect its users and assets. The move comes amid heightened concerns over the vulnerability of DeFi platforms to external security threats.
According to DeFiLlama, Kamino's total value locked (TVL) currently stands at $1.27 billion, marking a 7.8% decrease over the past seven days. This decline may be partly attributed to the recent market downturn and the heightened security concerns. The broader Solana DeFi ecosystem has a TVL of $5.61 billion, indicating Kamino's significant position within the network.
The decision to pause borrowing follows a period of market volatility and uncertainty. The total cryptocurrency market cap is currently $2.7 trillion, with 
Bitcoin experiencing a 2.99% drop in the last 24 hours and a 3.11% decline over the past week. Solana has also seen a 5.55% decrease in its price over the last day, currently trading at $96.6.
The incident highlights the interconnected nature of the crypto market and the potential for security breaches to have ripple effects across platforms. As DeFi continues to evolve, maintaining robust security measures will be crucial for preserving user trust and ensuring the long-term viability of these platforms.
Since this brief published about 56 minutes ago, Bitcoin (BTC) has moved from $78,736.00 to $77,878.00 — -1.09%.
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; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $78,000 on October 29?
Crowd-implied probability on Polymarket, $96.15K 24h volume, resolves Oct 30 — snapshotted when this brief published (Oct 29 23:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦107.37M (about $77,878.00), down 4.2% over 24 hours. The naira itself trades about 2.4% 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.
Figures and sectors in this story, checked live against on-chain aggregators · October 29, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Kamino Pauses SOL/BTC Borrowing Amid Binance Hack Concerns — questions & answers
Why did Kamino pause SOL/BTC borrowing?
The pause was due to potential risks from the recent Binance security incident.
What is Kamino's current TVL?
Kamino's TVL is $1.27 billion, down 7.8% over the past week.
How does Kamino plan to disrupt traditional lending?
Kamino aims to offer 0% interest on borrowing against tokenized U.S. equities.
How much is 1 Bitcoin worth in naira today?
About ₦107.37M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $77,878.00. 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 1.09% since this brief first published — trading at $77,878.00 now versus $78,736.00 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 Coinfomania. 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.