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Binance says $6.3 billion stolen in biggest crypto heist in history

  • On Friday, October 30, 2026, Binance reported a security breach affecting approximately $6.3 billion in digital assets across 10 blockchains, marking the largest cryptocurrency theft on record.
  • Preliminary investigations indicate attackers compromised a DevOps engineer's laptop, subsequently utilizing Ethereum Improvement Proposal 7702 delegation to submit unauthorized withdrawals across multiple networks.
  • Stablecoin issuers Tether and Circle coordinated with industry partners to freeze roughly $3 billion on-chain, significantly limiting attackers' ability to convert stolen assets into usable funds.
  • Binance co-CEO Richard Teng stated the exchange will cover all losses using the Secure Asset Fund for Users , with withdrawals temporarily suspended during security checks.
  • Blockchain intelligence firms TRM Labs and Chainalysis attributed the breach to North Korean hacking unit TraderTraitor with high confidence, citing similarities to prior state-sponsored attacks.
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USA Today broke the news in New York, United States on Thursday, October 29, 2026.
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