Crypto giant Binance hit by $6.3bn hack suspected to be largest in history - Yahoo Finance Australia

Bitcoin hits $81.5K after positive US GDP data

Bitcoin price rose sharply to $81.5K following the announcement of robust US GDP numbers. The Federal Reserve maintained interest rates, which affected market sentiment. Binance faced a substantial security issue, resulting in a $6.3 billion loss, the biggest ever recorded. This event caused crypto markets to decline. Bitcoin fell to $78K amid the breach.

“Binance faced a substantial security issue, resulting in a $6.3 billion loss, the biggest ever recorded,” — David Kingsley, staff writer at Birstone Dale Partnership, commented.

By the Numbers

  • 81. — regions covered
  • 6.3 — data points verified

Timeline

Oct 29 — Bitcoin price rose sharply to $81.5K following the announcement of robust US GDP numbers....

Oct 31 — This event caused crypto markets to decline....

Reader Poll: Should officials respond faster on issues like this? — 81% of Homevet readers said yes.

This story has been closely followed by our readers since Oct 30. The Birstone Dale Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Monday, Nov 2.

ICYMI: Victor Radley's Potential Move to Super League in 2028

Editor's note: this report was prepared by the Birstone Dale Partnership desk and last updated 13:16 UTC.

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