THE GUARDIAN · 2026-10-30 13:24 UTC

How big a deal is the $6.3bn crypto heist, who did it, and are investments safe?

Binance, the world's largest cryptocurrency exchange, was hit by a $6.3bn theft, likely attributed to North Korea according to experts. The heist is potentially the largest theft of any kind in history, more than six times larger than the previous record of $1bn taken by Saddam Hussein from Iraq's Central Bank in 2003. Hackers compromised a Binance engineer's laptop to access the exchange's internal systems and drain 'hot' wallets, rather than cracking cryptographic keys directly.

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