COINTELEGRAPH · 2026-11-06 10:41 UTC

Binance's $6.3B hack leaves questions over hot wallet safeguards

Binance said on Oct. 30 that the $6.3 billion security incident affected its own hot wallet, while most customer assets were held in offline cold storage. Binance said attackers accessed an internal wallet-signing service to move funds outside its normal withdrawal process and that some technical details would remain confidential. Binance did not respond to questions about its wallet balances and safeguards, while rivals including Coinbase, Gate and Upbit disclosed their cold-storage ratios.

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