Binance says $6.3 billion stolen in biggest crypto heist in history
- On Thursday, October 29, 2026, hackers drained roughly $6.3 billion from Binance across 10 blockchains in about 20 minutes, prompting the exchange to suspend all deposits and withdrawals.
- Investigations indicate a compromised DevOps engineer's laptop granted attackers access to signing infrastructure; blockchain firms TRM Labs and Chainalysis attributed the exploit to North Korean hacking group TraderTraitor.
- Stablecoin issuers Tether and Circle froze approximately $2.7 billion in affected assets, while Binance pledged to cover all customer losses using its Secure Asset Fund for Users.
- Bitcoin fell over 3% to $76,368, Ether declined 3.2% to $2,178, and BNB dropped sharply as markets reacted to the security incident.
- Binance continues working with law enforcement to recover assets and complete a security overhaul, while the incident serves as a stress test for industry-wide cross-chain security coordination.
1378 Articles
1378 Articles
Cryptocurrency and the contradictions of digital capitalism
In a sophisticated cyberattack whose most intensive phase lasted approximately twenty minutes, hackers stole an estimated $6.3 billion in cryptocurrency from Binance, the world’s largest cryptocurrency exchange, in what investigators have described as the biggest digital asset theft in history. The attack, whose precise mechanism remains under investigation, involved multiple points of breach and allowed […]
How North Korea became the crypto heist king
Binance, the world’s largest cryptocurrency exchange, was the victim of a massive heist in late October. Approximately US$6.36 billion of funds were stolen within the space of 20 minutes in an attack that has been described as the largest of its kind in history. The source of the attack has not yet been officially confirmed. […]
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In 20 minutes, North Korea covered about one fifth of its GDP: this represents the $6.3 billion evaporated on Thursday night from Binance, the world’s largest cryptocurrency exchange platform. Its promise to cover losses did not restore confidence to customers that on Sunday, re-starting the market, it withdrew $3.6 billion in assets. It is paradoxical that a country driven out of global financial architecture retains that ability to dynamite it…
When North Korean hackers committed the largest crypto theft in history, the founder was in Abu Dhabi, live-streaming the incident on X. An insight into a hectic 24 hours on the world's largest crypto exchange.
Binance Hackers Moved $6.3B Before Assets Could Be Frozen, Report Says
Attackers moved an estimated $6.3 billion out of Binance wallets before the exchange and outside parties could freeze the funds, according to a Cointelegraph report that described a race between the thieves and the firms trying to stop them. TRM Labs said in its own assessment that an attacker moved approximately $6.36 billion out of Binance wallets on ten blockchains on Oct. 29, 2026, most of it in about 20 minutes [1]. The report stated that t…
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