Binance hit by massive cyberattack estimated at $6.3 billion

On October 29, 2026, the global cryptocurrency exchange Binance suffered a major security breach, resulting in the theft of digital assets estimated at $6.3 billion. The incident, which reportedly unfolded within twenty minutes, is being described as one of the largest financial robberies in history. Initial investigations by the exchange suggest that hackers gained unauthorized access by compromising the laptop of a company engineer, subsequently moving the stolen funds across various blockchain networks.

In response to the breach, Binance suspended all deposits and withdrawals as a precautionary measure. While some reports mentioned a temporary freeze of $2.5 billion in assets, the company has officially stated its intent to cover all customer losses, reassuring users that their funds remain secure. Blockchain analysis firm TRM Labs has pointed toward a group of hackers allegedly linked to North Korea as the primary suspects behind the operation.

The announcement triggered immediate market volatility, with Bitcoin falling approximately 4% to $77,229 and the platform's native BNB token dropping by 7.5%. Security agencies and monitoring organizations are currently collaborating to track the stolen funds, as the perpetrators continue to maintain control over a significant portion of the assets.