Binance hit by record $6.3 billion hack, withdrawals frozen

Briefing by News4U · First published 2026-10-30 10:11:19 UTC

Binance, the world’s largest crypto exchange, reported that $6.3 billion in funds were stolen in what is described as the largest cryptocurrency hack on record, with withdrawals suspended until the platform reopens within days; the company said it will cover all losses and that user funds remain safe, while stablecoin issuers froze about $2.4 billion of the stolen assets. [1] [2] [3]

Sources

1. Estimated $6.3 Billion Hacked in Binance Security Breach

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

2. Here’s when Binance plans to reopen after what’s believed to be the largest-ever $6.3 billion hack

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

3. Binance withdrawals frozen after thieves steal $5.6 billion in crypto in record-breaking cryptocurrency heist — firm says it will cover losses as stablecoin networks move to freeze $2.4b in stolen assets

   Toms Hardware · 2026-10-30 10:00:00 UTC · Excerpt

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