CNA · 2026-10-30 12:18 UTC

Gone in 20 minutes: How the biggest heist in crypto history unfolded

Hackers stole $6.3 billion from Binance by compromising the exchange's transaction signing infrastructure, draining wallets in about 20 minutes on October 29. Binance said losses would be covered by its $1 billion security fund and company resources; about half the stolen assets are frozen stablecoins. US blockchain analysis firms say the attack bears similarities to previous North Korean hacker operations, though Binance's investigation has not yet identified the attackers.

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