AXIOS · 2026-10-29 23:47 UTC

Binance probes what may be biggest-ever crypto hack

Binance is investigating a suspected hack that drained $1.7 billion to $5.7 billion from user wallets Thursday, potentially the largest crypto hack in history. The exchange limited withdrawals and Tether and Circle froze over $1 billion in cryptocurrencies to contain losses; Binance says user funds are safe. The incident follows recent cyberattacks including a $1.5 billion North Korea-linked Bybit hack and a $2.7 million Polymarket breach linked to a DebugBear security incident.

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