Skip to content
EVENT / TOPICHistorical

Binance Loses $6.3B in Largest Crypto Hack, Attributed to North Korea‑Backed Hackers

1 reports1 sources10/30/2026 updated

Current overview (not historical)

AI overview

Binance suffered a record‑breaking theft of approximately $6.3 billion on Thursday, marking the largest cryptocurrency heist in history. The breach targeted the exchange’s hot wallet through the EIP‑7702 vulnerability, and investigators have attributed the attack to a group of hackers backed by North Korea. The incident underscores the growing sophistication of state‑backed cyber operations and the vulnerabilities that still exist in even the most heavily guarded crypto infrastructure. While Binance has not yet disclosed the full scope of the impact on users, the loss highlights the urgent need for stronger security measures and regulatory oversight in the cryptocurrency industry.

Written with AI from the reporting · updated 10/30/2026

Latest developmentOct 31, 00:53
Binance Loses $6.3 B in Largest Crypto Theft, Attributed to North‑Korea‑Backed Hackers
Explore the timeline, relations and evidence
Expand the detailed fact route and sources

Story route

A station-by-station route from the first public evidence onward; every station carries its own evidence and uncertainty.

  1. 1Unclassified fact stationOct 30, 00:00recorded Oct 31, 01:16single sourcerevised

    Binance $6.3B hack attributed to North Korea-backed hackers

    Read original source ↗ CointelegraphReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    Binance
    Action：
    security breach
    Object：
    hot wallet
    Occurred (fact side)：
    Oct 30, 00:00
    Cointelegraph ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 31, 00:53
    First seen (known side)：
    Oct 31, 01:16
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

Uncertainty marks flag where to check the sources; they are not proven causation.

Report timeline

Explore every side through dated source reports.

Oct 31
  1. CointelegraphRelated fact: single sourceSource report revised
    Binance Loses $6.3 B in Largest Crypto Theft, Attributed to North‑Korea‑Backed Hackers

    Report first recorded Oct 31, 01:16

    Binance confirmed that hackers stole roughly $6.3 billion from the exchange on Thursday, marking the biggest cryptocurrency theft on record. Investigators linked the breach to North‑Korea‑backed actors and identified multiple entry points beyond an engineer’s compromised laptop. The attackers exploited Ethereum’s EIP‑7702 delegation mechanism to gain control of a hot wallet and bypass normal approval controls, enabling a rapid drain of assets. Binance has set aside more than $6.34 billion—including $5 billion in the stolen tokens—to cover the loss, and is rebuilding its withdrawal system while conducting a company‑wide security review. The incident triggered a temporary freeze on new deposits and borrowing at the DeFi lender Aave, which later reopened its markets. Binance plans to resume withdrawals within 40 hours of the latest update and to publish a full proof‑of‑reserves report by Monday.

    Read original source ↗

Event activity trend

Latest comparable
3
Comparable peak
10Oct 31, 02:00
24h change
-49%

The chart compares consistently observed participants only. Hover or tap to inspect each hour; use arrow keys to move between observations.

Event discussion

Reader opinions are hosted on GitHub Discussions; posting requires a GitHub account. Comments are not verified facts.

Open GitHub Discussions