Binance Says Crypto Worth $6.3bn Impacted in Suspected Hack
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Binance.com experienced a security incident on October 30, 2026, where approximately $6.3bn (£4.7bn) of assets were affected.
According to Binance, half of these assets have been frozen with the assistance of other platforms. Early investigations suggest the hack may have originated from an engineer's laptop compromised by an attacker, enabling unauthorized withdrawals.
This incident is potentially the largest cryptocurrency heist to date, surpassing the $1.5bn hack on Bybit exchange in 2025.
Key points:
- Binance.com was affected; Binance.US, a smaller crypto platform catering to US residents, is not involved.
- Binance assures users it will "cover all losses" and is working with law enforcement.
- Bitcoin and other major cryptocurrencies experienced sharp drops following the alerts.
- Tether and Circle, other major crypto platforms, have frozen a combined $2.4bn in response to the potential Binance hack.
The following individuals and organizations were mentioned:
- Binance (exchange)
- Changpeng Zhao (CZ) (former Binance boss)
- Tether (crypto platform)
- Circle (crypto platform)
- X (social media platform, where CZ commented on the incident)