Investors Pull $643 Million From Bitcoin ETFs After the Biggest Crypto Hack in History

Dextape brief

By Dextape Desk · October 31, 2026

On October 30, investors took $643.33 million out of US spot Bitcoin funds, according to SoSoValue data, a day after an attack pulled roughly $6.3 billion from Binance. The outflow broke a streak of four days of inflows. BlackRock's iShares Bitcoin Trust lost about $234 million, while ether funds shed $156 million, extending their outflow run to five sessions. TRM, an analytics firm, said an attacker moved about $6.36 billion out of Binance wallets across 10 blockchains on October 29, and tied the stolen funds to TraderTraitor, a unit linked to North Korea. Binance halted deposits and withdrawals, while token issuers and network operators have blocked roughly $2.7 billion of the stolen assets. The article notes that heavier selling followed the Bybit theft.

Why it matters: The episode links a major exchange theft to sharp outflows from spot Bitcoin funds, showing how security incidents can ripple into fund flows that crypto readers watch closely.

Mentioned: Bitcoin, Ethereum, Binance, BlackRock

Summary by Dextape, based on reporting by BeInCrypto. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.