Key Highlights

  • A reported USD 6.3 billion theft at Binance, about USD 6.36 billion per TRM Labs across ten blockchains, began around 8:05 p.m. UTC on October 29, 2026.
  • Bitcoin (BTC) traded near USD 77,200 to USD 77,500 and Ether near USD 2,239, a two-month low, in Friday premarket. Those levels are premarket snapshots and may differ across data pages by the minute.
  • About USD 2.54 billion to USD 2.7 billion has been frozen, and the attacker is said to hold roughly USD 2.4 billion, depending on the timestamp.
  • Coinbase (NASDAQ:COIN) was down about 4.7% in premarket. Strategy (NASDAQ:MSTR) fell about 6.1% on one page, with other pages citing more than 6% for several crypto-linked names. Moves differ by page and by snapshot time.

What Is Reported So Far

Blockchain analytics firm TRM Labs puts the theft at about USD 6.36 billion across ten blockchains, with other figures citing USD 6.3 billion. Activity began around 8:05 p.m. UTC on October 29, 2026. TRM Labs attributes it with high confidence to North Korea's TraderTraitor unit, the same group the FBI linked to the Bybit hack. That attribution comes from private analytics firms, TRM Labs and Elliptic, not from law enforcement. Binance said it will cover all losses and that deposits were unaffected, with withdrawals expected to resume within 48 hours. Binance has not published a root cause, so the method of the breach remains unknown.

Frozen Funds and Market Reaction

About USD 2.7 billion has been frozen, and Binance said USD 2.54 billion was verified at 11:35 p.m. UTC, so the number depends on timing. The attacker is said to hold roughly USD 2.4 billion. Bitcoin (BTC) traded between USD 77,225 and USD 77,523, about 39.8% below its record of USD 128,198 from October 6, 2025, simple arithmetic on two prices. Ether fell to about USD 2,239. Crypto-linked equities also fell: Coinbase (NASDAQ:COIN) was down about 4.7% on one page. Strategy (NASDAQ:MSTR) fell about 6.1% there, while another page said Circle, Coinbase, Robinhood and Strategy each lost more than 6%. Because timing changes the totals, readers should expect the figures to be revised as analysts publish updates.

Risks and What to Watch

The first risk is contagion: if withdrawals do not resume within 48 hours as stated, confidence in exchanges could weaken further. A second is that frozen funds may be released, contested or moved, which would change the loss estimate. The third is regulatory attention after the largest crypto theft on record, a description reported rather than independently confirmed. Bitcoin (BTC) already trades well below its peak, so exchange-security headlines land on a market with limited cushion. Watch the Binance root-cause statement, the Withdrawal restart, any law enforcement comment and the 9:30 a.m. ET open for Circle (NYSE:CRCL). Robinhood (NASDAQ:HOOD) and other crypto-linked names are also in focus. Any one of these developments could move prices again before the day ends.

Where Things Stand

The reported USD 6.3 billion Binance hack hit Bitcoin (BTC) and crypto stocks because it dented confidence in the largest exchanges and added forced selling risk. Bitcoin near USD 77,200 is a snapshot. The theft amount, the frozen sum and the attribution to North Korea come from private firms and are not confirmed by authorities. Binance says it will cover losses and restart withdrawals within 48 hours. Those two promises are the next tests. Nothing here is Investment advice. The stolen amount and frozen sum may still change as tracing continues and Binance publishes more details.