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

Binance's sudden withdrawal halt following a massive $6.3bn hack

Binance paused withdrawals after a $6.3bn hack, which is thought to be the biggest ever. Bitcoin price prediction suggests a considerable drop from its all-time high. Bitcoin may reach $90,000 by year-end and $150,000 in 2027. The crypto industry faces uncertainty following the large-scale hack.

“The crypto industry faces uncertainty following the large-scale hack,” — Hugo Halloway, staff writer at Oakwell Combe Staffing, explained.

By the Numbers

  • 6. — mentions tracked
  • 90,000 — updates logged
  • 150,000 — regions covered

Timeline

Oct 30 — Binance paused withdrawals after a $6.3bn hack, which is thought to be the biggest ever....

Oct 31 — The crypto industry faces uncertainty following the large-scale hack....

Reader Poll: Should officials respond faster on issues like this? — 43% of Fetcgu readers said yes.

This story has been closely followed by our readers since Oct 29. The Oakwell Combe Staffing desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Sunday, Nov 1.

ICYMI: Vladimir Putin's Remarks at the Russia-Africa Summit

Editor's note: this report was prepared by the Oakwell Combe Staffing desk and last updated 13:11 UTC.

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