Security earthquake in the cryptocurrency market; Binance crisis and $1.5 billion in liquid transactions On the evening of October 29 and the morning of October 30, 2026, the global cryptocurrency market faced a wave of security concerns and selling pressure. There are reports of a security incident on the Binance exchange, disruption of Polymarket transactions and a temporary suspension of asset transfers on the index. At the same time, Bitcoin retreated to the $76,000 range and the value of leveraged transactions liquidated within 24 hours reached approximately $1.53 billion. According to the reward report, the most important incident is related to Binance, the world's largest cryptocurrency exchange. Initial estimates indicate that approximately $6.3 billion in assets were affected during a security breach. However, this figure does not mean that all the properties were finally stolen, and the final amount of damage is still under investigation. Reports also announced the freezing of approximately three billion dollars in assets and the temporary suspension of some transfer services. At the same time, Polymarket, a trading platform based on event prediction, stopped part of its operations after a security incident occurred in its service infrastructure. Published estimates indicate an outflow of approximately $2.7 million of assets. In Indonesia, the Index exchange temporarily stopped the deposit and withdrawal of assets due to increased cyber attack efforts; However, there have been no confirmed reports of asset theft on this platform. The publication of this news was accompanied by increased sales pressure in the market. Bitcoin dropped to the $76,460 range and Ethereum reached close to $2,200 during trading. At one point, the Binance token was down more than eight percent. However, the coincidence of the price drop with only security events does not indicate that the entire market drop was directly caused by these failures. One of the most important consequences of the price fluctuations was the widespread wave of forced closings of leveraged transactions. According to published data, approximately $1.53 billion of trading positions were liquidated within 24 hours, of which close to $1.29 billion were allocated to purchase positions. This combination shows that traders who were counting on the rise in the price of cryptocurrencies suffered the most from the market crash.

Security earthquake in the cryptocurrency market; Binance crisis and $1.5 billion in liquid transactions On the evening of October 29 and the morning of October 30, 2026, the global cryptocurrency market faced a wave of security concerns and selling pressure. There are reports of a security incident on the Binance exchange, disruption of Polymarket transactions and a temporary suspension of asset transfers on the index. At the same time, Bitcoin retreated to the $76,000 range and the value of leveraged transactions liquidated within 24 hours reached approximately $1.53 billion. According to the reward report, the most important incident is related to Binance, the world's largest cryptocurrency exchange. Initial estimates indicate that approximately $6.3 billion in assets were affected during a security breach. However, this figure does not mean that all the properties were finally stolen, and the final amount of damage is still under investigation. Reports also announced the freezing of approximately three billion dollars in assets and the temporary suspension of some transfer services. At the same time, Polymarket, a trading platform based on event prediction, stopped part of its operations after a security incident occurred in its service infrastructure. Published estimates indicate an outflow of approximately $2.7 million of assets. In Indonesia, the Index exchange temporarily stopped the deposit and withdrawal of assets due to increased cyber attack efforts; However, there have been no confirmed reports of asset theft on this platform. The publication of this news was accompanied by increased sales pressure in the market. Bitcoin dropped to the $76,460 range and Ethereum reached close to $2,200 during trading. At one point, the Binance token was down more than eight percent. However, the coincidence of the price drop with only security events does not indicate that the entire market drop was directly caused by these failures. One of the most important consequences of the price fluctuations was the widespread wave of forced closings of leveraged transactions. According to published data, approximately $1.53 billion of trading positions were liquidated within 24 hours, of which close to $1.29 billion were allocated to purchase positions. This combination shows that traders who were counting on the rise in the price of cryptocurrencies suffered the most from the market crash.