Key Takeaways
- • Bitcoin fell only about 4% after Binance's record $6.4 billion hack, far smaller than the nearly 11% decline during a 2018 attack, according to the primary source.
- • Nearly $3 billion in stolen stablecoins has been frozen, and Binance has mobilized over $6.3 billion in reserves to cover losses.
- • The hacker still controls over $3 billion in unfrozen assets, a residual risk the market is weighing as full withdrawal restoration proceeds.
- • Binance's hot-wallet hack occurred on October 29, 2026, and related token flows, including Ethena's $24.33 million ENA transfer to Binance, indicate ongoing asset replacement efforts.
- • BNB traded at about Rp12.69 million with a 0.97% decline on October 31, 2026, suggesting limited contagion to the exchange's native token.
Summary
Bitcoin dropped only about 4% following Binance's record $6.4 billion hack, according to Pluang, a decline that contrasts sharply with the nearly 11% fall during a 2018 attack. The source attributes the muted reaction to the maturing crypto market, the growth of Bitcoin ETFs that insulate holders from panic selling, and the freezing of nearly $3 billion in stolen stablecoins.
Binance has moved to reassure investors by mobilizing more than $6.3 billion in reserves to cover losses. Related reporting indicates the breach stemmed from a hot-wallet compromise on October 29, 2026. Concerns remain, however, because the hacker still controls over $3 billion in unfrozen assets, which the source flags as a potential future risk as the market awaits full restoration of withdrawals and possible liquidation of those holdings.
Additional coverage points to ongoing recovery activity. Ethena transferred 128.6 million ENA tokens, worth $24.33 million, to Binance to help replace stolen assets, and Binance is reportedly buying back stolen tokens. Ethena's unrealized exposure to Binance is estimated at about $8.8 million, against a reserve fund exceeding $60 million. Separately, one report indicates 120 million TRON moved from a compromised address on October 30 without any sign of a cash-out yet. Aave also froze its v3 and v4 markets after a Binance Ethereum hot wallet sent large amounts of ETH and ERC-20 tokens to an exploiter address, a step that triggered a bearish reaction across parts of the DeFi market.
BNB traded at Rp12,693,817, down 0.97%, as of October 31, 2026, with a market capitalization of Rp1.67 trillion and 24-hour volume of Rp31.95 trillion, per Pluang. The platform's data showed 63% buy orders, suggesting relatively steady investor sentiment as recovery efforts continue.
Binance has moved to reassure investors by mobilizing more than $6.3 billion in reserves to cover losses. Related reporting indicates the breach stemmed from a hot-wallet compromise on October 29, 2026. Concerns remain, however, because the hacker still controls over $3 billion in unfrozen assets, which the source flags as a potential future risk as the market awaits full restoration of withdrawals and possible liquidation of those holdings.
Additional coverage points to ongoing recovery activity. Ethena transferred 128.6 million ENA tokens, worth $24.33 million, to Binance to help replace stolen assets, and Binance is reportedly buying back stolen tokens. Ethena's unrealized exposure to Binance is estimated at about $8.8 million, against a reserve fund exceeding $60 million. Separately, one report indicates 120 million TRON moved from a compromised address on October 30 without any sign of a cash-out yet. Aave also froze its v3 and v4 markets after a Binance Ethereum hot wallet sent large amounts of ETH and ERC-20 tokens to an exploiter address, a step that triggered a bearish reaction across parts of the DeFi market.
BNB traded at Rp12,693,817, down 0.97%, as of October 31, 2026, with a market capitalization of Rp1.67 trillion and 24-hour volume of Rp31.95 trillion, per Pluang. The platform's data showed 63% buy orders, suggesting relatively steady investor sentiment as recovery efforts continue.
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