Binance security breach triggers $1.5 billion in crypto liquidations
A security breach at Binance that affected roughly $6.3 billion in assets sparked a market sell‑off on 30 Oct 2026. Over the next 24 hours traders saw $1.5 billion in forced liquidations, with long positions accounting for about 84 % of the total. Binance pledged to cover the losses and temporarily halted deposits and withdrawals while it investigated the breach.
Why it matters
The massive liquidations wiped out a large portion of leveraged exposure for traders and contributed to a $64 billion drop in total crypto market capitalization, according to CoinGlass. Binance’s commitment to cover losses may limit further contagion but could affect its balance sheet and liquidity.
Key facts
- 1The breach was estimated to have affected about $6.3 billion in assets. coindesk.com
- 2Total forced liquidations reached $1.53 billion over 24 hours. coindesk.com
- 3Total forced liquidations reached $1.54 billion over 24 hours. coinpedia.org
- 4Long positions accounted for 83.8 % of liquidations, amounting to roughly $1.29 billion. coindesk.com
- 5Binance recorded $754.6 million in liquidations, representing 49.2 % of the market‑wide total. coindesk.com
- 6Bitcoin liquidations were about $498.9 million and Bitcoin fell to about $76,460 before recovering toward $78,500. coinpedia.org
Open questions
- Total liquidations reported as $1.53 billion versus $1.54 billion.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.