FORTUNE · 2026-10-30 05:49 UTC

The $6.3 billion Binance hack: What we know so far about the biggest crypto heist in history

Binance, the world's largest crypto exchange, was hacked on Thursday with an estimated $6.3 billion stolen, likely through a compromised DevOps engineer's laptop. The hacker took approximately $1.5 billion in Bitcoin, $1.5 billion in Tether stablecoin, and under $1 billion each in Ethereum and USDC, with security firm TRM suggesting North Korea is likely responsible. Tether and Circle froze stablecoins tied to the hack, but the hacker moved funds to lending platform Aave as collateral for Ethereum loans, potentially allowing them to escape with borrowed assets.

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