FRANCE 24 · 2026-10-30 13:54 UTC

How the record-breaking $6.3 billion heist in crypto history unfolded

Hackers stole $6.3 billion in cryptocurrencies from Binance's transaction wallets by compromising the exchange's signing infrastructure that authorizes transactions. About half the stolen assets were stablecoins that have been frozen by issuers like Tether and Circle, limiting attackers' ability to convert to cash; roughly $2.4 billion in bitcoin and ether remains beyond reach. 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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