FORBES · 2026-10-30 13:44 UTC

Binance Hit By $6.3 Billion Hack In What May Be Crypto's Biggest Theft

Binance suffered a $6.3 billion security breach on October 29, with attackers draining funds from hot wallets across 10 blockchains in 20 minutes; about $3 billion has been frozen with help from blockchain partners. Early findings point to a compromised engineer's laptop that may have given attackers access to submit unauthorized withdrawal transactions; TRM Labs attributed the attack to North Korea's TraderTraitor hacking unit. Binance co-founder Yi He and co-CEO Richard Teng confirmed the exchange will fully cover all user losses using the SAFU emergency fund and company assets; deposits…

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