CryptoSlate reported that a Binance hot wallet was allegedly drained by an address linked to Tornado Cash. Bitcoin briefly fell to $78,297 on Binance on October 29, and was approximately $79,126 at the time of publication. Binance stated it is investigating potential security issues, with CZ saying it "looks like a hack." Tether has frozen approximately $1.57 billion in related funds, and Circle has frozen approximately $823 million. On-chain monitoring also recorded outflows of 28,005 ETH (approximately $64.9 million) and 780 million USDC. The total amount transferred across five chains is close to $2.8 billion, but the full amount has not yet been verified. CoinGlass stated that nearly $1 billion in crypto market liquidations occurred in the past 24 hours, with Bitcoin and Ethereum accounting for $289 million and $236 million, respectively.