✅ Hot wallet incident on 29 Oct, ~20:20 UTC ✅ Binance estimates the impact at $6.3B ✅ ~$3B frozen with help from stablecoin issuers ✅ Withdrawals paused, deposits open ✅ Binance says user funds are safe and losses are covered by SAFU ⏳ Withdrawals expected to reopen "within 48 hours"
What it did to liquidity: Bitcoin orders within 1% of price on 7 other major exchanges fell from $122.4M to $88.9M in 24 hours (−27%). $ETH −10%, $SOL −17%. The one book that grew: $HYPE , +22%.
Thinner books = bigger candles on smaller orders. Size down until depth comes back.
Follow official Binance announcements only. Ignore DMs and "recovery" offers.