Bitcoin Slides to $77K as the Binance Hack Grows to $6.36B
Yesterday it looked like the biggest hack in crypto history. Today Binance confirmed it.
The number got bigger overnight, a name got attached to it, and Bitcoin gave back another few thousand dollars. Here’s what changed in 24 hours.
This week in 30 seconds:
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🚨 Binance confirms the breach and pledges to cover every loss
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🇰🇵 Every major blockchain sleuth points at North Korea’s TraderTraitor
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💻 The way in: one engineer’s laptop
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📉 BTC, ETH and BNB all flip bearish on the daily (charts below)
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🎥 New show: CCS Weekly with Golden Yogi breaks down the hack, Trezor’s warning and Bitcoin at 18
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📊 What 52 founder interviews say changed in crypto x AI
🚨 THE BINANCE HACK, 24 HOURS LATER
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Bigger than we thought. TRM Labs now counts about $6.36B moved out of Binance wallets across ten blockchains, most of it in roughly 20 minutes. Binance puts it at about $6.3B. That’s roughly four times Bybit.
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How they got in. Binance’s early read: a compromised DevOps engineer’s laptop, then withdrawals pushed through its own signing systems. No keys leaked. Same playbook as Bybit: the vault held, a person didn’t.
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Half is frozen. About $3B is frozen with partners, mostly USDT and USDC. The rest is ETH, BTC and other coins no issuer can freeze.
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Binance is paying. The exchange set aside $6.34B to cover the hole, including $5B to buy back stolen altcoins through OTC desks and exchange trades. It says it has started recovering assets for users.
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Withdrawals. Still paused. Deposits work as normal. Binance’s latest update says withdrawals should restart in about 45 hours, which puts it around Sunday morning UTC. Co-CEO Yi He says by Sunday.
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What’s next. Binance has promised a full technical report and an updated Proof of Reserves once the security work is done. Smaller freezes keep coming in too: World Liberty froze $27M in USD1, and Arbitrum’s Security Council froze about $30.5M.
🇰🇵 IS IT NORTH KOREA?
Every major blockchain sleuth points at North Korea and the FBI hasn’t confirmed it yet, so we broke down who’s saying what on X:
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📈 THE CHARTS: EVERYTHING FLIPS BEARISH ON THE DAILY
Scorecard from #137: I said losing $79.4K would put the September lows at $75K to $76K in play. Bitcoin lost it and dropped to $76.3K, just above that zone. ✅ On ETH I said a close under $2,290 likely sends it to test the 200-day near $2,160. It broke and tagged $2,170. ✅ Two for two.
Bitcoin (daily)
Bitcoin is trading near $77K after a $76.3K low today, now well under its 50-day moving average at about $81.9K. EngineeringRobo reads the daily, 3H, 45M and multi-timeframe as bearish. The 15-minute just flipped back to bullish, the first small sign of a bounce. The weekly is still bullish, Smart Money is still IN, and RSI sits at 35.
My bias: Bearish short term. Still bullish on the bigger picture while price holds above the 200-day near $73K.
What I’m watching: Hold today’s low and reclaim $79.4K, and $81.9K is back in play. Lose $75K and the 200-day near $73K is next.
Support: $76.3K / $75K / $73K (200-day) | Resistance: $78.6K / $79.4K / $81.9K (50-day)
Ethereum (daily)
ETH dropped to $2,170 today, right into the 200-day zone I flagged last week, and is trading near $2,230. Every EngineeringRobo timeframe except the weekly and the 15-minute reads bearish, and RSI has dropped to 29.6, oversold. Smart Money is at BALANCE.
My bias: Bearish, but stretched. Oversold at the 200-day is where bounces usually start.
What I’m watching: A daily close back above $2,290 would be the first sign of a relief bounce. A daily close under the 200-day near $2,160 opens $2,000.
Support: $2,170 / $2,160 (200-day) / $2,000 | Resistance: $2,290 / $2,419 / $2,527 (50-day)
Signals powered by EngineeringRobo AI
🎥 NEW: CCS WEEKLY WITH GOLDEN YOGI
Binance’s $6.3B hack, Trezor’s warning and Bitcoin turns 18
Watch the interview
Our new laid-back news show: co-host Golden Yogi and I go through the week’s biggest stories on screen. Episode one covers the hack, why this looks nothing like FTX, the tampered hardware wallets and real cold storage, quantum risk and Bitcoin’s white paper turning 18, plus a lightning round on Zcash, AI compute tokens and NEAR Intents.
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📊 RESEARCH PICK
Crypto x AI: what 52 founder interviews say changed between 2025 and 2026
In 2025, founders on the show pitched AI agents that trade for you. In 2026 they pitch ways to prove things: that data is real, that an agent did what it says, that a user is human. Here’s which narratives survived.
🔥 WEEKLY SIGNAL RECAP
The rest of the news, one line each.
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Strategy’s CFO Andrew Kang is leaving as Bitcoin gains drive a record $20.9B quarterly profit. CCS →
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ICE backs Trade[XYZ], a Hyperliquid platform for 24-hour US futures trading. CCS →
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Trezor warns CryptoBilis buyers to move their funds after a report of implanted hardware. Buy wallets direct. CCS →
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Alice & Bob says 30,000 cat qubits could crack a Bitcoin key in 62 minutes. CCS →
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The Bank of Russia will give the FSB remote access to crypto wallet private keys from March 2027. CCS →
✍️ ASHTON’S TAKE
The weakest link was one laptop
The scariest part of this hack isn’t the size. It’s how ordinary the way in was.
Binance has cold storage, multisig, a security team most companies would kill for, and a SAFU fund. None of that mattered once one work laptop was compromised. North Korea, if it’s confirmed, didn’t break the cryptography. It went around it.
The response was the best the industry has ever had. Billions frozen within hours, a full pledge to cover users, and Binance buying back the stolen coins itself. That’s real progress since the Mt. Gox days.
On the market, I don’t see a cycle top here. I see forced selling on a headline, with the weekly still bullish and Smart Money still in. I’ll get more interested near the 200-days.
But the lesson for you hasn’t changed. Keep on an exchange only what you’re trading. Hold your own keys.
Ashton Addison
CEO, Crypto Coin Show & BlockWest
💬 YOUR TURN
Got a longer answer? Hit reply and tell me. I read every one.
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Sources: TRM Labs, Chainalysis, Elliptic, ZachXBT, NPR, SecurityWeek, Crowdfund Insider, The Crypto Times and Binance’s statements. Attribution is from private blockchain intelligence firms; no government has confirmed it as of this issue.
© 2026 Crypto Coin Show.
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