$BNB Bitcoin dropped to $78,297 on Binance spot on Oct. 29 as a Binance hot wallet was reportedly drained by a wallet linked to Tornado Cash. Binance said the exchange was urgently investigating a potential security issue. Tether CEO Paolo Ardoino confirmed that Tether froze roughly $1.57 billion related to the potential hack. Circle froze about $823 million. On-chain watchers circulated an estimate near $2.8 billion across five chains, but the total remains unreconciled. CoinGlass reported nearly $1 billion in liquidations over the past 24 hours.