THE INDEPENDENT · 2026-10-30 11:29 UTC

Gone in 20 minutes: How the world's biggest crypto heist in history went down

Hackers stole $6.3 billion from Binance, the world's largest cryptocurrency exchange, in approximately 20 minutes starting Thursday at 20:00 GMT. The attackers compromised Binance's transaction authorization infrastructure; about half the stolen assets were stablecoins that have been frozen by issuers like Tether and Circle. US blockchain analysis firms say the attack resembles previous operations attributed to North Korean hackers, though Binance has not yet identified the attackers and North Korea denies involvement.

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