Binance hack rattles markets as BNB falls 8%, Bitcoin nears $77K

Update, Oct. 30 at 1:19 am UTC: This article has been updated with fresh market data, Binance’s pledge to cover all losses and its revised frozen assets total.

Cryptocurrency markets extended their decline early Friday following the Binance hack, with BNB down more than 8% over 24 hours and Bitcoin trading near $77,000.

BNB, the native token of BNB Chain, traded near $693, down around 8.2%, according to CoinGecko data at the time of writing. Bitcoin fell 4.8% to about $77,131, while Ether declined 5.7% to about $2,217.

Binance pledged to cover all losses from the hack and suspended all deposits and withdrawals while conducting security checks. 54 billion.