Binance $6.3B hack raises questions over hot wallet safeguards

Briefing by News4U · First published 2026-11-06 11:51:02 UTC

Cointelegraph reports Binance co-CEO Richard Teng said the attack hit the exchange’s hot wallet, with most customer assets kept in cold storage. Experts say blockchain records show repeated wallet drains but cannot establish Binance’s internal signing controls or transaction limits. The $6.3 billion figure represented the cumulative value of assets affected across 10 blockchains. [1]

Sources

1. Binance’s $6.3B hack leaves questions over hot wallet safeguards

   Cointelegraph · 2026-11-06 10:40:57 UTC · Full text

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