KHALEEJ TIMES · 2026-10-30 05:09 UTC

Crypto exchange Binance freezes assets after $6.3 billion security breach

Binance reported a $6.3 billion security breach, potentially the largest crypto heist ever, starting from a hacked engineer's laptop that gave attackers unauthorized withdrawal access. About $3 billion in affected assets have been frozen so far; Binance said it would cover all losses and temporarily suspended deposits and withdrawals for security checks. Bitcoin dropped 3% to $76,368, ether fell 3% to $2,178, and BNB fell 5%; shares in Coinbase Global and Strategy also declined as investors reassess risks of centralized exchanges.

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