Major crypto exchange Binance pauses withdrawals after $6.3bn hack

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By William Smith • Updated Oct 30, 2026 at 09:45

Crypto giant Binance hit by $6.3bn hack suspected to be largest in history - BBC — Major crypto exchange Binance pauses withdrawals after $6.3bn hack

Binance suspended withdrawals after a $6.3bn hack, which is suspected to be the biggest ever. Bitcoin market outlook suggests a 35% drop from its all-time high. Bitcoin might hit $90,000 by year-end and $150,000 in 2027. The crypto industry faces uncertainty following the significant hack.

“Bitcoin market outlook suggests a 35% drop from its all-time high,” — Yusuf Calloway, policy watcher at Marcroft Mere Analytics, observed.

By the Numbers

6. — data points verified
35 — sources cross-checked
90,000 — reports filed

Timeline

Oct 30 — Binance suspended withdrawals after a $6.3bn hack, which is suspected to be the biggest ever....

Oct 31 — The crypto industry faces uncertainty following the significant hack....

Reader Poll: Will this story shape the week ahead? — 61% of Urartu readers said yes.

This story has been closely followed by our readers since Oct 28. The Marcroft Mere Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Thursday, Nov 5.

ICYMI: Bill Hader brings 'The Cat in the Hat' to life in an upcoming animated film

Editor's note: this report was prepared by the Marcroft Mere Analytics desk and last updated 12:34 UTC.

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