Binance Suffers "Largest Bank Heist In Human History," And Musk Issues Warning About State Of Cybersecurity After $6.3 Billion Hack
Binance said customer funds remain safe and it will use SAFU and corporate reserves to cover losses while investigators trace the stolen assets.
- On Friday, Binance confirmed a security breach affecting approximately $6.3 billion in digital assets, with CEO Richard Teng pledging to protect customer funds while the exchange actively investigates.
- Preliminary investigations indicate the attack originated from a DevOps engineer's compromised laptop; Teng described the breach as a sophisticated, multi-stage attack rather than simple credential exploitation.
- Cryptocurrency analytics firms TRM Labs and Chainalysis linked the attack to North Korean hacking operation TraderTraitor, while Tether and Circle have frozen about $2.83 billion in assets.
- Binance temporarily suspended withdrawals for infrastructure overhauls while deposits remain operational; Former CEO Changpeng Zhao stated, "User funds are safe," as the firm committed to absorbing losses.
- Bitcoin recovered to over $78,000 following the initial dip, signaling market resilience as analysts compare the incident to the 2025 Bybit exploit and monitor Binance's recovery efforts.
21 Articles
21 Articles
Binance Suffers "Largest Bank Heist In Human History," And Musk Issues Warning About State Of Cybersecurity After $6.3 Billion Hack
Sometime before dawn on Oct. 30, 2026, the world’s largest crypto exchange posted a short update that put a number on a very bad night. In its Security Incident Update, Binance said “the estimated total impact sits at around $6.3B.” Sky News reported that cryptocurrency worth more than $6.3 billion had been stolen from a […]
The cryptocurrency giant Binance assured Friday "working tirelessly" to mitigate the impact of a huge hack that he suffered, at an estimated $6.3 billion damage, half of these funds having been frozen by partners to limit theft.
Binance $6.3bn hack explained: How it happened and where the money went
Hackers stole $6.3 billion from Binance, the world’s biggest cryptocurrency exchange, in a record digital asset theft. How was Binance hacked? About $6.3 billion of cryptocurrencies were drained from wallets that Binance uses to process transactions, according to the exchange and expert analysis of blockchain records. Binance said in a statement on X that it […]
According to the company, hackers stole 6.3 billion dollars at the world's largest crypto exchange, according to analysts, which could be the largest crypto theft in history.
Binance was hacked by hackers suspected to be from North Korea. The perpetrators reportedly stole US$6.3 billion worth of crypto.
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