KOREA TIMES · 2026-10-30 07:17 UTC

Binance freezes assets after $6.3 bil. heist, crypto industry's biggest

Hackers stole $6.3 billion from Binance in what analysts call the largest crypto heist ever, with North Korean attackers targeting wallets across 10 blockchains and moving funds in about 20 minutes. Binance froze about $3 billion in assets with partner help, co-founder Yi He pledged to cover all losses, and the exchange expects to resume withdrawals within 48 hours. Bitcoin fell over 3% to $76,368, ether dropped over 3% to $2,178, and BNB fell 5% as the breach raised concerns about centralized exchange security.

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