THE INFORMATION · 2026-10-30 12:48 UTC

Binance Confirms $6.3 Billion Hack, Plans to Cover Losses

Binance suffered a $6.3 billion hack, the largest in crypto history, after an attacker gained access through a compromised engineer's laptop. The exchange suspended deposits and withdrawals for security checks and committed to covering all losses with reserved company funds. Binance coordinated with Tether, Circle, Ripple, and World Liberty Financial to freeze affected assets, with approximately $3 billion frozen so far.

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