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

Bitcoin jumps to $81.5K post US GDP figures

Bitcoin price rose sharply to $81.5K following the release of strong US GDP figures. The Federal Reserve did not alter interest rates, which impacted the mood in the market. Binance suffered a significant hack, resulting in a $6.3 billion loss, the biggest ever recorded. This event led to a drop in crypto market prices. Bitcoin dropped to $78K amid the breach.

“Binance suffered a significant hack, resulting in a $6.3 billion loss, the biggest ever recorded,” — Farah Vance, senior market analyst at Marton Worth Recruitment, told our newsroom.

By the Numbers

  • 81. — sources cross-checked
  • 6.3 — reports filed

Timeline

Oct 28 — Bitcoin price rose sharply to $81.5K following the release of strong US GDP figures....

Oct 31 — This event led to a drop in crypto market prices....

Reader Poll: Will this story shape the week ahead? — 79% of Vm-sfera readers said yes.

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

What's next: Additional coverage is expected by Thursday, Nov 5.

ICYMI: Lynsi Snyder Reveals In-N-Out Burger's Expansion Plans

Editor's note: this report was prepared by the Marton Worth Recruitment desk and last updated 12:19 UTC.

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