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The FBI says North Korean hackers used staged video calls to trick cryptocurrency industry targets into downloading malware disguised as an audio 'fix.' Once installed, the malware gave attackers access to victims' contacts and apps, which they used to expand the scope of the scheme and ultimately steal roughly $400 million in crypto assets.
Binance's chief financial officer has left the company, a week after the exchange suffered a $6.3 billion hack. Co-CEO Yi He told Bloomberg the leadership transition had been planned over the past six months and was unrelated to the security breach.
Binance disclosed that attackers spent months preparing an Oct. 29 breach that netted $6.34 billion in crypto, starting with a tampered software installation downloaded by a wallet DevOps engineer in June. The company says it has rebuilt the affected wallet system and internal AI tools, replaced compromised devices, and revoked credentials tied to exposed staff. Co-CEO Richard Teng said Binance has replenished 98% of the stolen assets and is still buying back remaining, less liquid holdings.
Binance disclosed that attackers used a multi-stage social engineering campaign, including bogus job interviews, to compromise an engineer's computer, then used a hijacked internal AI tool to take control of two more employees' laptops. This access was used to drain Binance's wallets of $6.3bn in cryptocurrency, prompting the exchange to suspend global withdrawals until service resumed on Sunday.
Binance has resumed customer withdrawals after suffering what is being described as the biggest hack in cryptocurrency history. The exchange had paused the function while it investigated and responded to the breach.
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.
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.
Polymarket suspended trading on its international site after hackers stole roughly $2.6 million from about 700 traders, according to the Wall Street Journal. The company says the breach stemmed from a flaw in DebugBear, a third-party website monitoring tool, and has pledged to reimburse affected users. Polymarket's website was inaccessible at the time of reporting.
Technology shares and cryptocurrencies both fell sharply over the Halloween weekend, as weak earnings reports from major AI-focused companies combined with news of a large-scale crypto hack to unsettle investors. The simultaneous declines marked one of the market's worst stretches in months for high-growth assets.
Polymarket paused trading on its international platform for nearly an hour Thursday after discovering that software from third-party vendor DebugBear had been compromised. The company said affected users would be fully reimbursed and referred the incident to UK law enforcement, while The Block reported roughly $2.65 million in crypto was drained from user wallets, citing Arkham data. Polymarket's US platform was reportedly unaffected, and trading resumed around 3 p.m. ET.
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.
Binance, the world's largest cryptocurrency exchange, was reportedly the target of a $6.3 billion theft attributed to a North Korean hacking group. The breach, disclosed Friday, triggered declines in bitcoin and other major tokens as crypto markets reacted to the news.