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Major exchanges have seen $100 million worth of futures liquidated in the past hour. In the past 24 hours, $1,131 million worth of futures have been liquidated.

CoinMarketCap’s proprietary Crypto Fear and Greed Index came in at 38, down eight points from yesterday and shifting from neutral to fear. The index indicates extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market data including put/call ratios, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume by price range. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels. - The CVD indicator shows buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line reflects orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.

OKX founder Star Xu said on X that the broader crypto industry, including exchanges and stablecoin issuers, needs to work together to build security response mechanisms. Xu said Circle and Tether did an excellent job responding to the Binance hack. Xu added that when hacks occur, the industry needs a real-time alert system that allows information to be shared immediately and stolen funds to be temporarily frozen before they are moved or laundered through a rapid response. Xu said speed is critical and called for standardized protocols that can be activated within minutes, along with clear accountability and appropriate safeguards. Protecting users and their assets should be a shared responsibility across the industry rather than the task of any single platform, Xu said.

According to CoinNess market monitoring, BTC has fallen below $78,000. BTC is trading at $77,958.88 on the Binance USDT market.

Crypto market maker and trading firm Wintermute CEO Evgeny Gaevoy said on X Binance has enough capacity to absorb losses three to four times the damage caused by the hack so far. Gaevoy added Binance is highly likely to shrug off this incident as well and user funds are likely safe, although deposits are not recommended until the company fully resolves the issue. Gaevoy also said Wintermute’s exposure to Binance is less than 20% of its net capital, and added market-making operations do not appear likely to face disruption under any scenario.

Binance is moving funds from all wallets exposed to potential hacking risks to cold wallets after what Solid Intel described as the largest hack on record overnight, according to Solid Intel.

Binance said the total amount of verified frozen assets currently stands at $2.54 billion. The exchange said some publicly circulating figures put the frozen amount at $1.8 billion, but added that the verified total differs from that number. Binance also said it is tracking and freezing additional assets with law enforcement agencies, issuers, blockchain intelligence firms and industry partners, meaning the total could rise further. The exchange said it is providing only verified figures for now and will share updates as additional information is confirmed.

Bitcoin has gone on to set new all-time highs after every major hacking incident, Cointelegraph reported. The outlet said BTC fell by about half immediately after the 2014 Mt. Gox hack, but climbed to a record $19,700 in 2017, roughly tripling from the post-hack low by nearly 100 times. During the 2016 Bitfinex hack, BTC fell about 20%, recovered to its pre-hack price within three months, and went on to hit a new high in 2017. Cointelegraph added that similar patterns followed the 2018 Coincheck hack, the 2019 Binance hack, the 2022 FTX incident and the 2025 Bybit hack, with temporary declines followed by rallies to fresh records. After the latest Binance hack, BTC fell about 3%, while Binance announced user funds were safe and at least $2.4 billion of the stolen funds had already been frozen.

Reserve, an RWA tokenization platform, said it temporarily withdrew on-chain RSR liquidity as a precaution after a suspected Binance hot wallet hack estimated to involve about 3.4 billion RSR. The move was aimed at preventing any stolen RSR from being sold into liquidity provided by Reserve. Reserve said the incident was a custodial issue at the exchange and did not affect the RSR token or Reserve protocol contracts. The company added that RSR is immutable and has no admin key, meaning no one, including Reserve, can freeze the token. It also urged third-party liquidity providers in RSR pools to consider withdrawing liquidity.

Decentralized lending protocol Navi Protocol (NAVX) said it has not been affected by the Binance-related incident and that user funds are safe. Deposits, withdrawals, borrowing, and repayments are all operating normally, Navi Protocol said. The team added it is closely monitoring on-chain activity and market conditions, and urged users to review positions and health metrics as market volatility could continue over the next few days.

Binance announced on its official X account that it has temporarily suspended trading on Binance Alpha, its affiliated on-chain trading platform, as part of security measures. Binance had earlier said it would temporarily pause withdrawals until the security issue is fully resolved.

Paxos said on its official X account it froze 1,906.67 PAXG, worth about $7.66 million, in a wallet believed to belong to a hacker and beginning with 0x522 after PAXG tokens were taken in the Binance hack. Paxos added, "PAXG, PYUSD, USDG" reserves remain intact, its own systems were not affected by the incident, and redemptions are continuing as normal.

Whale Alert reported that 303,043,652 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $303 million.

South Korean exchanges Upbit and Bithumb said on their official websites that users should exercise extra caution when withdrawing digital assets, as a security incident and signs of theft involving some digital assets were identified at Binance. Upbit added it is continuing to monitor the situation and may restrict digital asset withdrawals to Binance if necessary to protect investors.

Coinbase, the largest U.S. cryptocurrency exchange, said via its official X account that it is actively monitoring the Binance hack and has also offered support to the Binance team.

Liquid staking protocol Lido said stETH was unaffected by the Binance hack. Lido added its staking protocol was operating normally, including withdrawals. The project also said Lido Earn had no direct exposure and was monitoring the situation to manage risk and exposure. Lido added all user deposits remained safe.

Ether.fi (ETHFI), a liquid restaking protocol, said it is aware of the Binance hack and has no direct exposure to the incident. It added that user funds are safe.

Binance co-CEO He Yi said on X that Binance withdrawals will remain disabled until the security environment is confirmed safe, asking for users’ understanding. The move follows an overnight hack of a Binance hot wallet, which is known to have resulted in the theft of as much as $5.7 billion in cryptocurrency so far.

Decentralized lending protocol Maple Finance (SYRUP) said it has no positions related to Binance. The protocol added it is closely monitoring the situation involving Binance and is operating normally.

On-chain basis trading protocol Solstice said it has not been affected by Binance’s security issue. The protocol said collateral for hedge positions is held with custodians Copper and Ceffu, not in Binance hot wallets, and added that USX minting and redemptions, along with eUSX operations, are continuing as normal.

Tesla founder Elon Musk commented on the Binance hack on his official X account, saying "Every day is Zeroday." Zeroday refers to a security vulnerability or attack that is exploited before the flaw is publicly disclosed or before a patch is made available. Separately, The Kobeissi Letter, which Musk reposted on X, said a hack at Binance led to roughly $5.7 billion in fund outflows, calling it the largest hacking incident in crypto history.

Hacks hit Binance, the world’s largest cryptocurrency exchange, and Polymarket, the world’s largest prediction market platform, on Oct. 29, with estimated outflows of $5.7 billion from Binance and $2.7 million from Polymarket, Cointelegraph reported. Cointelegraph added that if Binance’s figure is officially confirmed, it would be the largest cryptocurrency hack on record.

Binance founder Changpeng Zhao said on X that losses from the hack could come in slightly above $1 billion, but the exchange should be able to absorb them. Earlier, crypto analyst 0xngmi, who has about 196,000 followers on X, said Binance holds $144 billion in crypto assets and estimated total losses at about $1 billion based on the amount of USDT and USDC frozen. 0xngmi added that the figure amounts to just 0.69% of Binance’s assets and could be covered easily with assets held on its balance sheet.

deBridge said it has temporarily suspended transfers into and out of BNB Chain as a precaution. The platform said it remains fully operational and that all other supported chains are unaffected. Transfers involving BNB Chain will resume once conditions in the ecosystem return to normal.