Binance CEO Credits US Law Enforcement for Mitigating Bitcoin Crash
Changpeng Zhao attributes the limited Bitcoin price decline to FBI intervention after Binance's $6.3B hack.
Changpeng Zhao attributes the limited Bitcoin price decline to FBI intervention after Binance's $6.3B hack. Bitcoin (BTC) is trading at ₹74,06,302 ($77,920.00). This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Sun, 01 Nov 2026 13:15:01 UTC.
This highlights the critical role of law enforcement in maintaining market stability during major crypto exchange security incidents, as well as the potential impact of such events on Bitcoin's price.
- Binance experienced a $6.3 billion hack, one of the largest in crypto history.
- Bitcoin's price showed resilience, only declining 2.92% over the past week.
- CZ credits the FBI and US law enforcement for preventing a more severe market crash.
Binance, one of the world's largest cryptocurrency exchanges, recently suffered a security breach resulting in the loss of $6.3 billion, marking one of the largest hacks in the history of the crypto industry.
Despite the severity of the incident, 
Bitcoin's price has shown notable resilience, with a 24-hour increase of 0.44% and a more modest 7-day decline of 2.92%, according to current market data.
In a statement, Binance CEO Changpeng Zhao credited the FBI and other US law enforcement agencies for their role in mitigating the potential impact of the hack on the broader market, suggesting their intervention helped prevent a more severe price crash.
This incident underscores the vulnerability of even the largest crypto exchanges to security breaches and the potential for such events to influence market dynamics. The relatively stable price of Bitcoin in the aftermath of the hack may reflect growing confidence in the industry's ability to manage and recover from such incidents.
The broader crypto market remains relatively flat, with a total market cap of $2.68 trillion. The Fear & Greed index currently stands at 34, indicating a 'Fear' sentiment among investors.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹74,02,499.61$77,880.00 to ₹74,06,301.61$77,920.00 — +0.05%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.15M (about $77,920.00), up 0.6% over 24 hours. The rupee itself trades about 10.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Binance CEO Credits US Law Enforcement for Mitigating Bitcoi — questions & answers
How much was stolen in the Binance hack?
Binance lost $6.3 billion in the security breach.
Why didn't Bitcoin crash more after the Binance hack?
CZ credits the FBI and US law enforcement for preventing a more severe market crash.
What is Bitcoin's current price and market movement?
Bitcoin is priced at $77880, up 0.44% in the last 24 hours and down 2.92% over the past week.
How much is 1 Bitcoin worth in rupee today?
About ₹8.15M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,920.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.05% since this brief first published — trading at ₹74,06,302 ($77,920.00) now versus ₹74,02,500 ($77,880.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.