Safety

Crypto Liquidations Exceed $628 Million Amid Unconfirmed Binance Hack Reports

October 29, 2026, 9:02 PM UTC (3 hours ago) · 1 source · Summarized by CryptoBipto

Cryptocurrency markets experienced over $628 million in liquidations within a single hour, reportedly triggered by fears of a security breach at Binance. Bitcoin prices dropped sharply as unconfirmed reports of a hack circulated. The scale of the liquidations reflects the rapid unwinding of leveraged positions across the market.

WHY IT MATTERS

This event matters because it shows how quickly crypto markets can move when fear spreads — even based on unconfirmed reports.

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SOURCES

beincrypto.com

BTCLiquidationsExchange SecurityBinanceMarket VolatilityLeverage Trading

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