Key Highlights

  • A reported USD 6.3 billion theft at Binance, which TRM Labs puts at about USD 6.36 billion across ten blockchains, started around 8:05 p.m. UTC on October 29, 2026.
  • In Friday premarket, Bitcoin (BTC) changed hands near USD 77,200 to USD 77,500 and Ether sat around USD 2,239, a two-month low. These premarket snapshots can vary from page to page, minute by minute.
  • Roughly USD 2.54 billion to USD 2.7 billion is frozen, and the attacker is reportedly in control of about USD 2.4 billion, depending on the timestamp.
  • Coinbase (NASDAQ:COIN) slipped about 4.7 percent in premarket. One page showed Strategy (NASDAQ:MSTR) down about 6.1 percent, while other pages cited drops above 6 percent for several crypto-linked names. Each page and snapshot time gives different moves.

What Is Reported So Far

TRM Labs, a blockchain analytics firm, puts the theft at about USD 6.36 billion across ten blockchains, while other figures cite USD 6.3 billion. The event began around 8:05 p.m. UTC on October 29, 2026. The firm links it with high confidence to North Korea's TraderTraitor unit, the group the FBI connected to the Bybit hack. That attribution comes from private analytics firms, TRM Labs and Elliptic, rather than law enforcement. Binance said it will cover all losses and that deposits were unaffected, with withdrawals expected to restart within 48 hours. Binance has not published a root cause, so the method remains unknown.

Frozen Funds and Market Reaction

Roughly USD 2.7 billion has been frozen, and Binance said USD 2.54 billion was verified at 11:35 p.m. UTC, so the total depends on timing. The attacker is said to hold around USD 2.4 billion. Bitcoin (BTC) traded between USD 77,225 and USD 77,523, about 39.8 percent under its record of USD 128,198 from October 6, 2025, simple arithmetic on two prices. Ether dropped to about USD 2,239. Crypto-linked equities also fell: Coinbase (NASDAQ:COIN) was down about 4.7 percent on one page. Strategy (NASDAQ:MSTR) fell about 6.1 percent there, while another page said Circle, Coinbase, Robinhood and Strategy each lost more than 6 percent. Since timing shifts the totals, the figures may be revised as analysts publish updates.

Risks and What to Watch

The first danger is contagion: if withdrawals do not restart within 48 hours as stated, confidence in exchanges could erode further. A second is that frozen funds may be released, contested or moved, which would alter the loss estimate. The third is regulatory attention after what is described as the largest crypto theft on record, a claim that has been reported rather than independently confirmed. Bitcoin (BTC) already trades well below its peak, so exchange security headlines hit a market with little cushion. Watch the Binance root-cause statement, the Withdrawal restart, any law enforcement comment and the 9:30 a.m. ET open for Circle (NYSE:CRCL). Robinhood (NASDAQ:HOOD) and other crypto-linked names are also in focus. Any of these could move prices again before the day ends.

Where Things Stand

The reported USD 6.3 billion Binance hack weighed on Bitcoin (BTC) and crypto stocks because it dented confidence in the largest exchanges and raised the risk of forced selling. Bitcoin near USD 77,200 is a snapshot. The theft size, the frozen sum and the North Korea attribution come from private firms and have not been confirmed by authorities. Binance says it will cover losses and restart withdrawals within 48 hours. Those two promises are the next tests. Nothing here is Investment advice. The stolen amount and frozen sum may still shift as tracing continues and Binance publishes more details.