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Crypto briefing · Thursday, October 29, 2026 · Evening edition · Story 1 of 5

  1. Binance reports massive suspected hack with billions frozen

    Binance is investigating a suspected hack involving large outflows of funds, with reports of up to $5.8 billion drained. Tether and Circle have frozen approximately $1.8 to $2.4 billion in stablecoins as part of the response.

    Why it matters: The incident has caused significant market volatility, with Bitcoin prices dropping below $79,000 due to fears over the security of major crypto exchanges.

    Sources: Bitcoin.com News · BeInCrypto · CoinDesk · Cointelegraph · Decrypt · CryptoSlate · Bitcoin Magazine · The Block

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