BLOOMBERG · 2026-10-30 14:33 UTC

Containing the Binance Hack Hinges on Vow to Make Traders Whole

Binance, the world's largest crypto exchange with $135 billion in assets, suffered a $6.3 billion hack on Thursday, the largest crypto heist on record. Binance suspended withdrawals and pledged to cover all losses, with $3 billion of stolen assets already frozen; the company has reserved $6.34 billion in funds for compensation. The crypto market has remained relatively calm, with Bitcoin down only 3.1% to below $77,000, and analysts attribute the hack to North Korea.

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