Veytics Intelligence
2026-10-30 · CNBC

Why bitcoin held up better after the record Binance hack

Binance has suffered the biggest hack in crypto history , but that's done little to shake confidence in bitcoin , according to market analysts and researchers. On Thursday, the world's largest exchange by daily trading volume said that roughly $6.3 billion were affected in an exploit. Security firm TRM Labs linked the security incident to North Korea. The hack sparked a slight sell-off in bitcoin . On Friday, the cryptocurrency traded at $77,065 around 1:34 p.m. ET, down about 4% on the day. By comparison, the token has fallen 8.3% on average in the first 24 hours following past crypto exchange exploits, according to data from institutional crypto platform Anchorage Digital.

Read the full Veytics brief

We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.