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CryptoMedium•9 November 2026•
1 min read

Bitcoin Drops 6% After $6.3 Billion Binance Hack

Key Facts

1Bitcoin fell 6% following a $6.3 billion hack targeting Binance involving the theft of assets across multiple blockchains.
2Stolen funds included approximately 18,270 bitcoin, valued at about $1.5 billion at the time of the attack.
3Fitch Ratings stated that the limited price decline suggests the crypto market has become more resilient to industry-specific shocks.

Bitcoin fell 6% following a $6.3 billion hack targeting Binance that involved the theft of digital assets across multiple blockchains. The stolen funds included approximately 18,270 bitcoin units, valued at about $1.5 billion at the time of the attack which began on October 29, 2026. According to Fitch Ratings, the breach represents what could be the largest cryptocurrency theft to date.

Fitch Ratings stated that the limited price decline suggests the crypto market has become more resilient to industry-specific shocks compared to previous major disruptions. The agency attributed this response to deeper and more diversified trading markets, which reduce dependence on individual exchanges and help maintain liquidity. Daily bitcoin trading volume increased 67% to approximately $40.9 billion in the wake of the initial reports.

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