Ethereum Validators Profit Amid Binance Hacker's $119M ETH Liquidation
Validators earned $30M as Binance hackers rushed to sell 11,781 ETH following a security breach.
Validators earned $30M as Binance hackers rushed to sell 11,781 ETH following a security breach. Ethereum (ETH) is trading at ₹2,15,327 ($2,265.41), down 0.2% since this brief published. This is an original Token Times brief based on reporting by CryptoSlate, with live market data added, as of Sun, 01 Nov 2026 16:15:01 UTC.
This incident highlights the economic incentives within Ethereum's proof-of-stake system, where validators profit from increased network activity, even during security incidents. It also underscores the challenges of liquidating large quantities of ETH quickly without causing price disruptions.
- Validators earned ~$30M from 11,217 ETH during the Binance hack liquidation.
- Hackers liquidated 11,781 ETH, losing $119M in the process.
- ETH price remained relatively stable despite the large sell-off.
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- Ethereum Validators Profit Amid Binance Hacker's $119M ETH Liquidation — this brief
During the recent Binance security breach, hackers attempted to liquidate 11,781 ETH, leading to a $119 million loss as they sold the stolen funds under duress. According to Bitquery data reported by CryptoSlate, 
Ethereum validators earned approximately $30 million in fees and rewards during this period.
The data indicates that over four and a half hours, proposing validators received around 11,217 ETH, while builders retained about 564 ETH. This significant sum demonstrates the economic incentives built into Ethereum's proof-of-stake mechanism, where validators benefit from increased transaction volume and network activity.
Despite the large-scale liquidation, the Ethereum price remained relatively stable, with a 24-hour increase of 1.16% to $2269.89. This suggests that the market absorbed the sell-off without experiencing major volatility.
The incident underscores the challenges faced by hackers in liquidating large quantities of cryptocurrency quickly. The Ethereum network's validators profited from the heightened activity, while the hackers suffered substantial losses due to market conditions and the mechanics of the liquidation.
The broader crypto market remained relatively flat during this period, with a total market cap of $2.69 trillion. 
Bitcoin also saw a modest 0.80% increase in the same timeframe, while the overall market sentiment, as measured by the Fear & Greed Index, remained in 'Fear' territory at 34.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from ₹2,15,753.21$2,269.89 to ₹2,15,327.38$2,265.41 — -0.20%.
The chart plots ETH'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 ETH ≈ ₹237,301.7 (about $2,265.41), up 0.7% over 24 hours. The rupee itself trades about 10.2% 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.
Ethereum Validators Profit Amid Binance Hacker's $119M E — questions & answers
How much ETH did the hackers attempt to liquidate?
The hackers attempted to liquidate 11,781 ETH.
What were the validators' earnings during the incident?
Validators earned approximately $30 million, with proposers receiving 11,217 ETH and builders 564 ETH.
How did the ETH price react to the liquidation?
The ETH price increased by 1.16% over 24 hours, indicating the market absorbed the sell-off without significant volatility.
How much is 1 Ethereum worth in rupee today?
About ₹237,301.7 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,265.41. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.20% since this brief first published — trading at ₹2,15,327 ($2,265.41) now versus ₹2,15,753 ($2,269.89) 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 CryptoSlate. 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.