Crypto
Hackers steal $6.3B from Binance, crypto's biggest heist
2026-10-30
Binance froze deposits and withdrawals on October 29 after billions in crypto left its wallets. About $6.3 billion moved out across 10 blockchains. It is the largest theft in crypto history. Binance is the world's largest crypto exchange. It says it will cover every loss from its emergency fund and company money. Bitcoin fell toward $77,000.
Outside analysts say North Korea did it. TRM Labs, a firm that tracks stolen crypto, blames a hacking group called TraderTraitor. Chainalysis, a similar firm, reached the same conclusion. Investigators previously linked the same group to the $1.5 billion Bybit theft in February 2025. This one is about four times larger. TRM says the attackers appeared to get into Binance's systems. They then used internal software to approve transfers. Binance says its own investigation has not attributed responsibility to any individual.
Keep reading — what to watch
Roughly $3 billion has been frozen so far. Tether and Circle froze some of it. Stablecoins are crypto tokens pegged to the dollar, and their issuers can freeze them. One analyst quoted by CNBC estimates $3.3 billion remains unfrozen. Binance's emergency fund holds about $1.2 billion. Will customers trust a promise to cover every loss? Watch whether withdrawals reopen, how much gets recovered, and whether Binance explains how the attackers got in.
Sources
CNBC — Biggest-ever crypto hack impacts $6.3 billion as Binance works to contain fallout The Guardian — North Korean group blamed for $6.3bn Binance hack in biggest ever crypto heist TRM Labs — North Korea Steals USD 6.36 Billion From Binance in the Largest Hack in History CoinDesk — Binance loses over $6 billion in the largest crypto hack to dateThis story is written by AI from the sources above, checked against them before publishing. If something here still reads wrong, tell us and we'll correct it.
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