NEW YORK TIMES · 2026-10-30 10:04 UTC

Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion

Binance halted all deposits and withdrawals after hackers stole $6.3 billion in digital coins, potentially the largest crypto heist in history. TRM Labs assessed with high confidence the attack was conducted by North Korea's elite hacking unit, with $2.4 billion shifted beyond recovery. Bitcoin dropped below $80,000 for the first time in over a month; Binance said it would cover all losses and coordinated with other firms to freeze $3 billion in stolen assets.

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