Binance said it has covered roughly 90% of the approximately $6.3 billion in tokens stolen from its hot wallets in a theft disclosed Thursday, with major tokens like BTC, ETH, USDT, BNB and SOL now fully backed. The exchange said it is using its SAFU insurance fund, a portion of its futures insurance fund, and corporate treasury to replace the missing assets, and plans to resume withdrawals Sunday pending security checks.
cnbc.com
· 2026-10-31
Binance CEO stated that 90 percent of assets lost in a recent security incident have been replenished. The exchange reiterated it will fully cover the financial impact of the theft and plans to resume user withdrawal services on November 1, 2026, in line with its previously announced timeline.
theverge.com
· 2026-10-31
Binance reported that it has frozen approximately $3 billion worth of stolen cryptocurrency tokens out of a reported $6.3 billion in total losses. The exchange stated that all affected customers will be fully reimbursed for their losses.
gizmodo.com
· 2026-10-31
TRM Labs and Chainalysis both said with high confidence that the Lazarus Group, a North Korean state-linked hacking unit also known as TraderTraitor, was behind a $6.3bn theft from the Binance cryptocurrency exchange. The group has previously been blamed for other major cyberattacks, including the 2014 Sony Pictures breach.
bbc.co.uk
· 2026-10-31
Binance reported that an attacker gained access to its withdrawal systems through a compromised DevOps engineer's laptop, using that foothold to reach a service container and submit unauthorized withdrawal transactions totaling an estimated $6.3 billion. The exchange said no wallet private keys were leaked and has revoked the affected address's authorization while a full technical investigation continues.
techreport.com
· 2026-10-31
Technology shares fell sharply amid growing investor skepticism about the sustainability of the AI-driven rally. Separately, Binance executives are working to offset billions of dollars in losses stemming from what is being described as the largest crypto heist on record, while Ukraine carried out a strike on a Russian oil refinery.
wsj.com
· 2026-10-30
Security firms and law enforcement are attempting to trace and recover more than $6.3 billion in cryptocurrency stolen from Binance, with TRM Labs and Chainalysis attributing the breach to North Korean hacking group TraderTraitor. Binance says it will cover user losses through its Secure Asset Fund for Users, while stablecoin issuers Circle and Tether have frozen roughly $3 billion of the stolen funds.
cnbc.com
· 2026-10-30
Blockchain analysts say attackers tied to North Korea stole $6.3 billion from Binance in a matter of minutes. The theft reportedly exploited a contract that took advantage of a recent Ethereum network upgrade to drain funds at speed.
gizmodo.com
· 2026-10-30
Blockchain intelligence firms TRM Labs and Chainalysis say the North Korean hacking unit TraderTraitor was likely responsible for an attack that moved roughly $6.3 billion out of Binance wallets across ten blockchains, much of it within about 20 minutes. Binance says it froze about $3 billion of the affected assets with partners, suspended withdrawals, and is beginning to restore funds to users while promising to cover all losses.
npr.org
· 2026-10-30
Binance has suspended withdrawals after a breach that drained $6.3 billion in digital assets in roughly 20 minutes. The exchange says it froze about $3 billion with partners, while research firm TRM Labs estimates $2.4 billion has moved beyond recovery. Binance pledged to cover all losses from reserve funds and is investigating with law enforcement.
futurism.com
· 2026-10-30
Binance confirmed that hackers stole $6.3 billion after compromising a DevOps engineer's laptop, which allowed unauthorized withdrawal transactions from the exchange. The company has paused all withdrawals, is working with the FBI and US Secret Service, and says it will reimburse affected traders using its own reserves, with $5 billion already held in matching tokens.
cnet.com
· 2026-10-30
Security researchers have attributed a record-breaking crypto heist at Binance to hackers tied to North Korea, with at least $6.3 billion stolen from the exchange's wallets. Binance says roughly half of the stolen funds were frozen as they moved across blockchains, and the company has suspended all deposits and withdrawals while it investigates. Binance said the breach began when attackers compromised an engineer's laptop, gaining access to a service container to submit unauthorized withdrawal transactions, though it says there is no evidence its private keys were exposed.
techcrunch.com
· 2026-10-30
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