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

Binance faces $6.3bn hack, halts withdrawals amid uncertainty

Binance paused withdrawals after a $6.3bn hack, which is thought to be the largest in history. Bitcoin price forecast suggests a considerable drop from its all-time high. Bitcoin might hit $90,000 by year-end and $150,000 in 2027. The crypto industry faces uncertainty following the significant hack.

“Bitcoin price forecast suggests a considerable drop from its all-time high,” — Owen Marlowe, contributing analyst at Birwell Ham Staffing, told our newsroom.

By the Numbers

  • 6. — updates logged
  • 90,000 — regions covered
  • 150,000 — data points verified

Timeline

Oct 29 — Binance paused withdrawals after a $6.3bn hack, which is thought to be the largest in history....

Oct 29 — The crypto industry faces uncertainty following the significant hack....

Reader Poll: Has this affected your local community? — 74% of Spbo readers said yes.

This story has been closely followed by our readers since Oct 26. The Birwell Ham Staffing desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Sunday, Nov 1.

ICYMI: Sauce Gardner's tenure with the Colts is in question

Editor's note: this report was prepared by the Birwell Ham Staffing desk and last updated 11:37 UTC.

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