Binance hit by record $6.3B crypto hack, vows to cover losses

Briefing by News4U · First published 2026-10-30 14:11:16 UTC

Binance, the world’s largest crypto exchange, said hackers stole about $6.3 billion across ten blockchains in roughly 20 minutes on Thursday, the largest crypto theft on record. The company suspended withdrawals, froze roughly $3 billion in stolen assets with help from blockchain partners, and pledged to cover all losses using its own funds, including $5 billion in matching tokens. Blockchain firms TRM Labs and Chainalysis attributed the attack with high confidence to North Korea’s TraderTraitor group, though Binance said its investigation has not yet assigned responsibility. Bitcoin fell to a six-week low of $76,368 and Ether dropped more than 3 percent. [1] [2] [3] [4] [5] [6]

Sources

1. Estimated $6.3 Billion Hacked in Binance Security Breach

   Bloomberg · 2026-10-30 05:50:57 UTC · Summary only

2. Bitcoin slides after crypto’s nightmare scenario: a historic $6.3 billion heist

   MarketWatch · 2026-10-30 09:50:00 UTC · Summary only

3. Binance arranges $6.34 billion to cover losses from record crypto hack

   CoinDesk · 2026-10-30 12:13:02 UTC · Summary only

4. Binance says $6.3bn stolen in biggest crypto heist in history: What we know

   Al Jazeera · 2026-10-30 12:38:47 UTC · Excerpt

5. Binance says it holds $5B in matching tokens to cover hack losses

   Cointelegraph · 2026-10-30 12:41:43 UTC · Full text

6. Blockchain intelligence firms link North Korea to $6.3B hack on Binance

   NPR Business (Associated Press) · 2026-10-30 13:01:22 UTC · Full text

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