Binance Hack, Then a Stock Market Crash: Coincidence or Connection?

In less than 24 hours, crypto and Wall Street each had a historic shock. On Thursday, 29 October 2026, from 20:05 UTC, attackers drained about $6.3 billion from Binance, the largest crypto theft on record. On Friday, the Nasdaq had its worst day since June, Intel and Reddit lost about 29 percent each. Many readers ask whether the two events are connected. Our analysis of the timeline, the sizes and the money flows gives a clear answer: there is no evidence that the Binance hack caused the stock market crash.