Daily brief · November 1, 2026 · Sun
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Binance hacked for $6.4 billion in largest crypto heist ever, CEO says
Attackers stole roughly $6.4 billion from Binance on Thursday, the largest crypto hack in history, using a compromised DevOps engineer's laptop to access hot wallets across 10 blockchains. Binance says it will cover all losses with company funds and its emergency reserve, stating customer assets were never touched. The hack was attributed to North Korean group TraderTraitor, who used a self-destruct mechanism and EIP-7702 to drain assets.
Crypto
Binance says it has covered 90% of $6.3bn stolen in suspected biggest crypto hack on record
Binance, the world's largest cryptocurrency exchange, announced it has covered 90% of the $6.3 billion in assets stolen in a hack on Thursday, with the remaining 10% taking longer to source. The company has pledged to cover 100% of the losses from its own funds, having set aside over $6.34 billion. Binance said it has frozen around $3 billion of the stolen assets and attributed the attack to a North Korean state-backed hacking group. The exchange aims to resume user withdrawals on Sunday, November 1.
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