Binance suspends operations after its platform was hacked

Published at: 29/10/2026 09:06 PM

Binance, the world's largest crypto platform, announced this Friday, October 30, a key measure in the face of the alleged hack it suffered on Thursday, which caused a massive plummet in the cryptocurrency market.

“As part of the security measures we are carrying out, the Binance Alpha operation has been temporarily suspended: CEX Buy Token, Alpha Instant, and predictive buying marketing on CEX, which uses funds from the spot wallet,” he reported in X.

He also assured that operations will resume once the problem is resolved. “Users' funds remain safe. We will keep you informed. Thank you for your patience”, concludes the message.

Information about an alleged hack appeared in the media this Thursday. According to this, the attack would have caused a sharp drop in cryptocurrency prices.

According to Binance market data, in 24 hours, the BNB currency has fallen below $690, with a reduced decrease of 8.95%. On the other hand, bitcoin fell below $80,000, while Solana reached lows close to $95.

Reports indicate that cryptocurrency exchanges have registered liquidations of almost 600 million dollars in a matter of an hour.

The platform revealed that so far the amount of funds frozen following reports of hacking amounts to 2,54 billion dollars. The company stressed that this figure could continue to increase.

Mazo News Team