FORBES · 2026-10-30 05:26 UTC

Binance Says $6.3 Billion Impacted In Record Crypto Hack—Suspends Withdrawals

Binance reported a $6.3 billion security incident affecting customer assets, with a suspected compromised software engineer's laptop allowing unauthorized withdrawals. The exchange suspended withdrawals, froze ~$3 billion in affected assets with blockchain partners, and pledged to cover all losses using its SAFU fund. Bitcoin fell 2.6%, Ethereum dropped 3.4%, and BNB tumbled nearly 7% following the announcement.

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