Major crypto exchange Binance pauses withdrawals after $6.3bn hack

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By Daniel Taylor • 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 paused withdrawals after a $6.3bn hack, which is suspected to be the biggest ever. Bitcoin price forecast 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 is facing uncertainty following the large-scale hack.

“Bitcoin might hit $90,000 by year-end and $150,000 in 2027,” — Farah Vance, senior market analyst at Ellcroft Bury Analytics, added during the briefing.

By the Numbers

6. — reports filed
35 — mentions tracked
90,000 — updates logged

Timeline

Oct 28 — Binance paused withdrawals after a $6.3bn hack, which is suspected to be the biggest ever....

Oct 30 — The crypto industry is facing uncertainty following the large-scale hack....

Reader Poll: Will this story shape the week ahead? — 80% of Rixbuy readers said yes.

This story has been closely followed by our readers since Oct 30. The Ellcroft Bury Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Wednesday, Nov 4.

ICYMI: Early Polar Vortex Activity Could Alter Winter Weather Patterns

Editor's note: this report was prepared by the Ellcroft Bury Analytics desk and last updated 13:17 UTC.

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