Binance Hack Sends Crypto Fear and Greed Index Crashing to 30

The Crypto Fear and Greed Index fell to 30 after an October 29 security breach at Binance caused $6.3 billion in losses; the exchange said it had covered and replenished about 95% of the stolen assets. The index had already declined from 68 on October 22 to 51 by October 29, and analyst Axel Adler Jr. said sentiment was weakening before the attack. The October 2026 Binance hack is the largest cryptocurrency theft on record, about four times larger than Bybit’s February 2025 exploit. Trace Finance co-founder Bernardo Brites said crypto prices and exchange holdings are rising, and AI tools can identify vulnerabilities faster than teams can patch them.