Crypto market liquidations reach $1.49 billion after Binance security breach
CIE News ·
Based on reporting by CryptoRank; not yet independently confirmed.
Forced crypto liquidations reached $1.49 billion over 24 hours on October 30, 2026, with long bets taking 86.8% of losses following an estimated $6.3 billion security breach at Binance.
Crypto market liquidations hit $1.49 billion across a 24-hour period on October 30, 2026, according to Coinglass data, following an unauthorized withdrawal at Binance. The sell-off wiped out positions held by 243,456 traders, with $1.33 billion of the liquidations occurring in a 12-hour window. Long positions made up 86.8% of the total losses, representing $1.29 billion.
Bitcoin (BTC) positions accounted for $475.19 million in liquidations as its price fell 4.67% to $77,111. Ethereum (ETH) liquidations reached $330.59 million as ETH dropped 5.40% to $2,218. The market drop started late on October 29, 2026, after a Binance hot wallet was drained of approximately $2.8 billion on Ethereum.
Binance estimated the incident's total impact at around $6.3 billion, with about $3 billion frozen on-chain, cryptoticker.io reported. Binance stated an initial investigation showed an attacker compromised a DevOps engineer's laptop to access a service container and execute unauthorized withdrawals. The exchange suspended deposits and withdrawals and stated it will cover all losses using its SAFU fund and company reserves.
Key facts
- $1.49B liquidated in 24 hours
- 243,456 traders impacted
- 86.8% were long positions
- Binance estimates $6.3B breach
Read the original at CryptoRank