Binance suffers record $6.3 billion crypto hack

On October 29, 2026, the world's largest cryptocurrency exchange, Binance, was hit by a massive cyberattack resulting in the theft of approximately $6.3 billion in digital assets. Blockchain analysis firms TRM Labs and Chainalysis report that the hackers executed the theft across ten different blockchains within a 20-minute window. Preliminary investigations by the exchange suggest that the attackers gained unauthorized access to a service environment through a compromised laptop belonging to a DevOps engineer, although Binance clarified that the private keys to its digital wallets remained secure.

TRM Labs and Chainalysis have attributed the heist to North Korean actors with high confidence, noting that the attack patterns match those seen in previous incidents, such as the 2025 theft from Bybit. In response, Binance has successfully frozen approximately $3 billion of the stolen funds and co-founder Yi He has pledged to cover all losses for users. While the platform has paused withdrawals, it expects services to resume within 48 hours. The investigation remains ongoing as authorities continue to trace the remaining $3.3 billion.