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Largest crypto hack in history; all crypto hack markets on prediction platforms triggered settlement.

Oct 30, 13:50

According to PolyBeats monitoring, in the early hours of October 30, Binance suffered the largest recorded crypto hack. As of publication, Binance's own preliminary estimate is approximately $6.3B, and it stated that about $3B of that has been frozen on-chain. Based on known figures, this loss is about four times the $1.5B stolen from Bybit in February 2025.

The scale of this incident caused multiple Polymarket-related markets to trigger settlement. The probability of "total crypto hacked in 2026 exceeds $4B" rose from 5% yesterday to 100% currently; the probability of "a crypto hack exceeding $100M this month" rose from 6% yesterday to 100% currently.

Traders who bought "No" on this event, believing there would be no black swan event, suffered total losses of nearly $5k.

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