Crypto Liquidations Top $628 Million in an Hour Amid Binance Hack Fears

Reports say crypto liquidations topped $628 million in an hour as fears of a Binance hack pushed Bitcoin down. Whale Alert data cited by outlets shows large USDT transfers, including $113.3 million moved to Bitfinex.

Timeline

1. 29 Oct, 20:50 UTCBinance hack fears spike in search
2. 29 Oct, 20:50 UTCBeInCrypto reports $628M liquidations

Top sources

• binance hackGoogle Trends
• Whale Alert Reports $113.3 Million USDT Move to BitfinexCoinfomania
• Six Transfers Total $394.5 Million, Led by $108.9 Million Tether (USDT)www.tokenpost.com