TIMES OF INDIA · 2026-10-30 09:35 UTC

Hackers steal $6.3 billion from world's largest cryptocurrency exchange Binance in what analysts say the biggest crypto hack ever; Co-CEO speaks directly about what happened

Hackers stole approximately $6.3 billion from Binance in what analysts call the largest cryptocurrency hack ever, with North Korean threat actors identified as responsible. The breach began through a compromised DevOps engineer's laptop that gave attackers access to execute unauthorized withdrawals across 10 blockchains within 20 minutes. Binance Co-CEO Richard Teng stated user funds are safe and the exchange will cover all losses from its SAFU fund and company reserves, with $3 billion already frozen on-chain.

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