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Bitcoin whipsaws below $79,000 as Binance hot wallet reportedly drained by Tornado Cash-linked wallet

Bitcoin hit an intraday low of $78,297 on Binance spot on Oct. 29 and sat near $79,126 at press time, as large transfers left Binance-labeled wallets. Binance shared on X that the exchange is “aware of reports of a poten...

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Bitcoin whipsaws below $79,000 as Binance hot wallet reportedly drained by Tornado Cash-linked wallet

Bitcoin hit an intraday low of $78,297 on Binance spot on Oct. 29 and sat near $79,126 at press time, as large transfers left Binance-labeled wallets. Binance shared on X that the exchange is “aware of reports of a potential security issue and are actively investigating.” It added: “Our security teams are reviewing all relevant…

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Why this matters

Binance is showing up inside the Security Incidents theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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