Binance Suffers $6.3 Billion Hack via DevOps Laptop Breach and EIP‑7702 Exploit

1. 05:16
   Decrypt

   CFTC Chair Uses $6.4 B Binance Hack to Push for U.S. Oversight of Offshore Crypto Exchanges

   CFTC Chairman Michael Selig told CNBC that the $6.4 billion theft from Binance demonstrates the need for federal regulation of unregulated offshore exchanges. He said the breach was caused by a laptop‑introduced vulnerability rather than a flaw in the Ethereum blockchain, and highlighted the speed with which crypto funds can move and the use of tools like Tornado Cash to obscure trails. Binance’s investigation revealed additional breach points, including a compromised DevOps engineer’s laptop and a compromise of its signing infrastructure. Selig argues that on‑chain traceability gives regulators a powerful tool and proposes a federal option that would allow offshore venues to register with the CFTC and meet U.S. cybersecurity standards.

2. 05:06
   The Block

   President Trump Announces Investigation into Binance Hack Amid Rising Calls for Crypto Regulation

   President Donald Trump said the U.S. is looking into the $6.3 billion hack of Binance, the world’s largest cryptocurrency exchange. The announcement comes as lawmakers and regulators push for clearer rules on crypto operations following the high‑profile breach.

3. 04:30
   CryptoSlateSelected

   Binance Hackers Employ Unprecedented Laundering Tactics to Hide $6.3 Billion Theft

   Hackers who stole $6.3 billion from Binance are using a new, automated laundering strategy to move the funds. Chainalysis identified thousands of rapid, repetitive transactions that circulate stolen assets among a dense network of wallets, often returning funds to earlier addresses to create a complex trail. The attackers converted roughly $786 million of stolen stablecoins into Ethereum and Tron before regulatory freezes, accepting significant price slippage to speed the process. Elliptic reports that the thieves sold about 434 million USDT for 160,451 ETH on Uniswap and 1inch at 12‑26% below market rates, and swapped 234 million USDT for 638 million TRX on SunSwap. These conversions consolidate the assets into native cryptocurrencies that cannot be directly frozen, while a separate route was used for 18,270 BTC. The speed, automation, and cross‑chain swaps create a new laundering pattern that complicates blockchain investigations.

4. 03:55
   CoinDesk

   Tether and Circle Freeze Billions of Stolen Crypto After Binance Hack

   Within hours of the Binance hack, Tether, Circle and other crypto firms moved to freeze billions of dollars’ worth of stolen assets. Legal experts, however, warn that the rapid freeze may not extend to smaller victims and that the process of recovering the seized funds could face significant legal and procedural hurdles.

5. 01:50
   DecryptSelected

   Binance, FBI and Secret Service Investigate $6.4 B Hack, Circle and Tether Freeze $1.8 B in Stablecoins

   Binance is collaborating with the FBI and the U.S. Secret Service after a hacking incident that stole $6.4 billion from the exchange. Circle’s CEO Jeremy Allaire said the company has frozen roughly $823 million in USDC linked to the attack, while Tether has frozen about $975.1 million in USDT. Blockchain analytics firms TRM Labs and Chainalysis attribute the breach to the North Korean group TraderTraitor, previously tied to the $1.5 billion Bybit hack. The coordinated freeze of more than $1.8 billion in stablecoins demonstrates how issuers can block stolen digital assets before they are moved, aiding law‑enforcement investigations worldwide.

6. 00:31
   CoinDesk

   Binance Reveals Larger Breach in $6.3 B Exploit, Postpones Sunday Withdrawal Restart

   Binance CEO Richard Teng confirmed that hackers erased evidence and bypassed security checks during the $6.3 B exploit that began last month. The exchange has delayed its planned Sunday withdrawal restart and will publish a proof‑of‑reserves report on Monday to demonstrate the integrity of user funds. The incident underscores persistent vulnerabilities in major crypto exchanges and raises concerns about the security of large‑scale withdrawals.

1. 22:13
   CoinDesk

   Wall Street Analysts Advise Buying Crypto Stocks After Binance Hack

   Analysts from Cantor Fitzgerald, TD Cowen, and Compass Point argue that the $6.3 billion hack of Binance is unlikely to derail the broader cryptocurrency market’s recovery. They suggest that the incident should not deter investors from purchasing crypto‑related equities, implying that the market fundamentals remain intact despite the high‑profile security breach.

2. 21:11
   Cointelegraph

   FBI and Secret Service Join Investigation into Binance’s $6.3 B Hack

   Binance is currently investigating a theft of roughly $6.3 billion in crypto assets. In response, the FBI and the U.S. Secret Service have joined the probe, marking a significant escalation in federal involvement in large‑scale cryptocurrency theft cases. The agencies are working to identify the perpetrators and recover the stolen funds, though no suspects or recovery progress has yet been disclosed. The case underscores the growing scrutiny of crypto exchanges and the increasing seriousness with which U.S. law‑enforcement treats cyber‑financial crimes.

3. 20:41
   Cointelegraph

   Binance Holds $5 B in Matching Tokens to Offset Hack Losses

   Binance announced that it has set aside $5 billion in matching tokens as a reserve to cover losses from recent hacking incidents. The exchange is using a matching‑token mechanism to protect user assets and maintain confidence in its platform. This reserve is intended to reimburse affected users and demonstrate Binance’s commitment to security and risk management.

4. 20:00
   BeInCryptoSelected

   Binance Loses $6.15 Billion in 31 Minutes as Hackers Exploit EIP‑7702 Authorization

   On October 29, 2026, an attacker drained approximately $6.15 billion from Binance’s hot wallets across nine blockchains in just 31 minutes. The theft did not involve stolen private keys; instead, the attacker leveraged Binance’s own authorization system, specifically the EIP‑7702 feature that allows a smart contract to act on a wallet’s behalf. Prior to the attack, the attacker funded their wallets via Tornado Cash to obscure the source of funds and conducted two rehearsals on their own wallets to test a custom smart‑contract draining tool. The final version of the tool could execute arbitrary calls on delegated wallets, enabling the attacker to command a Binance smart wallet to release 823 million USDC. The incident highlights a critical vulnerability in Binance’s hot‑wallet management and the broader risks of permission‑based smart‑contract interactions in cryptocurrency exchanges.

5. 19:29
   Cointelegraph

   Bitcoin Holds Above $77,000 as $1.6 B Liquidations Follow Binance Hack

   Bitcoin (BTC) closed above $77,000 on Friday after a 24‑hour surge of $1.56 billion in liquidations across the crypto market, the majority of which were long positions. The rally came after BTC fell to $76,320 amid the fallout from a $6.3 billion hack of Binance, the world’s largest cryptocurrency exchange. Binance described the attack as “complex” and confirmed that all user losses would be covered by its SAFU fund and other resources. The market also faced broader headwinds from a tech‑stock sell‑off, with Intel’s shares plunging 26% pre‑market after issuing a weaker‑than‑expected outlook. Technical indicators on the four‑hour chart show a bullish divergence in the relative strength index (RSI), which dropped to 34.7, and the price is trading below the lower Bollinger Band, suggesting a potential mean‑reversion. These developments indicate a possible short‑term rebound for BTC amid ongoing market uncertainty.

6. 19:13
   CryptoSlateSelected

   Binance Reveals Additional Breach Points in $6 B Hack Linked to North Korean Group

   Binance investigators have identified new attack vectors beyond an initially suspected compromised employee laptop in the roughly $6 billion theft. The exchange has not disclosed the extra breach points but confirmed that no wallet private‑key leakage occurred. TRM Labs attributes the incident to the North Korean‑linked group TraderTraitor, which also targeted Bybit in February 2025. Attackers moved the stolen funds across ten blockchains—Ethereum, Bitcoin, Tron, Solana, XRP Ledger, and others—within about 20 minutes, using EIP‑7702 to delegate control of a Binance hot wallet to a malicious contract. The operation involved 50 pre‑signed authorizations, one of which allowed the attacker to install transaction‑execution instructions and drain assets. Binance froze roughly $3 billion of the affected assets, pledged to cover all losses via its Secure Asset Fund for Users (SAFU) and corporate resources, and plans to resume withdrawals in about 45 hours while overhauling its withdrawal infrastructure. The incident highlights coordinated cross‑chain theft and potential compromise of Binance’s hot‑wallet signing infrastructure.

7. 17:52
   Cointelegraph

   THORChain’s RUNE rises 13% after Binance’s $6.3 B hack

   Following Binance’s record $6.3 B hack, THORChain’s native token RUNE surged 13% in a short‑term rally. The incident caused Binance’s BNB Chain total value locked (TVL) to fall to $11 B, while RUNE’s daily trading volume spiked to $120 M. The price movement reflects market sentiment shifts and liquidity reallocation amid heightened security concerns in the crypto ecosystem.

8. 17:31
   DecryptSelected

   Binance Uncovers Multiple Breach Points in $6.3 B Hack, Freezes 30% of Assets

   Binance estimates the Thursday security incident cost about $6.3 billion, with roughly $3 billion of the affected assets now frozen on‑chain. Initial investigations linked the breach to a compromised DevOps engineer’s laptop, but further analysis revealed additional points of entry. The exchange has reopened deposits while withdrawals remain suspended, and it will cover all losses from its SAFU emergency reserve and company funds. Binance CEO Richard Teng said the attack was complex and not attributable to a single individual, and the firm is working with law enforcement and blockchain intelligence partners to trace and recover the stolen funds.

9. 16:36
   CoinDesk

   Bitcoin Slides Below $77,000 as Binance Hack and AI‑Spending Concerns Drag Tech Stocks

   Bitcoin fell below $77,000 after the $6.3 billion Binance hack, adding to market volatility. The Nasdaq dropped more than 2% amid weak earnings forecasts and growing worries over corporate AI spending, further weighing on technology shares.

10. 13:40
    CryptoSlateSelected

    Binance Suffered Record $6.36 Billion Theft After 36‑Hour Preparation

    A sophisticated attacker spent at least 36 hours preparing a coordinated attack on Binance that began on the evening of Oct. 29. The operation started with a rapid transfer of 233.46 million XRP (≈$296 million) from five Binance wallets on the XRP Ledger into a single attacker‑controlled address. Within minutes, the attacker moved assets across ten blockchains: Solana, Optimism, Bitcoin (18,270 BTC ≈$1.47 billion), Tron (612.7 million USDT and 46.4 million TRX ≈$628 million), Ethereum (167,464 ETH and 1.615 billion USDT), USDC, Avalanche, and Polygon. The attacker used malicious smart‑contract code and EIP‑7702 authorisations to sweep funds from hot wallets, repeatedly executing sweeps as new assets entered the compromised accounts. The theft totaled $6.36 billion, making it the largest cryptocurrency theft on record. The incident illustrates how a single, well‑timed exploit can simultaneously drain multiple blockchains, highlighting the need for robust multi‑chain security measures and vigilant monitoring of hot‑wallet authorisations.

11. 11:56
    CoinDesk

    Institutional crypto investors withdraw funds from exchanges following Binance hack

    Institutional investors have begun withdrawing funds from cryptocurrency exchanges in the aftermath of a major Binance security breach. The withdrawals indicate that the fallout from the multibillion-dollar incident is spreading beyond the exchange itself.

12. 11:36
    CoinDesk

    North Korea's Lazarus Group likely behind $6 billion Binance hack, blockchain sleuths say

    Security researchers attributed a nearly $6 billion hack of the world's largest cryptocurrency exchange, Binance, to the Lazarus Group, a hacking team linked to North Korea. The attack occurred on Thursday.

13. 10:22
    The Block

    Bitcoin slides below $77,000, BNB drops amid Binance hack

    Bitcoin price fell below $77,000 and BNB dropped 7.1% following a Binance hack. Binance Co-CEO Yi He pledged that the exchange will cover all user losses resulting from the incident.

14. 08:46
    BBC BusinessSelected

    Binance Freezes $2.5 bn in Assets After Suspected $6.3 bn Hack

    Binance announced that it has frozen more than $2.5 bn (£1.87 bn) of digital assets to prevent theft while it investigates a security breach. Deposits and withdrawals are temporarily suspended, and the company has pledged to cover all losses. Former CEO Changpeng Zhao confirmed the incident appears to be a hack. Two other platforms, Tether and Circle, have also frozen roughly $1.7 bn of stolen assets, with Circle reporting over $800 m linked to the incident. The combined amount of assets frozen—around $42 bn—could be the largest crypto‑related theft on record. Binance said it is working with law enforcement and will publish a full post‑mortem once the investigation concludes.

15. 08:11
    CointelegraphSelected

    Binance hack may involve compromised signing infrastructure, not stolen keys, says Blockaid

    Blockaid co-founder Ido Ben-Natan told Cointelegraph that the suspected $2.5 billion-plus Binance hack likely involved manipulation of the exchange's transaction-signing system rather than theft of private keys. The analysis points to "key misuse," where attackers authorized malicious transactions by compromising signing infrastructure. Blockaid's onchain analysis identified 50 EIP-7702 authorizations bundled into one transaction, one of which matched the account's required nonce. The affected account was delegated to an unverified sweeper contract allowing token drainage. Ben-Natan noted similarities to the February 2025 Bybit attack, which also involved compromised developer credentials.

16. 07:50
    CryptoSlateSelected

    Tether, Circle, Ripple and World Liberty Financial freeze $2.6 billion linked to suspected Binance breach

    Stablecoin issuers Tether, Circle, Ripple and World Liberty Financial froze over $2.6 billion in digital assets tied to a suspected Binance security breach involving nearly $6 billion in outflows. Tether froze $1.567 billion in USDT and Circle froze $823 million in USDC. Ripple froze $200 million and World Liberty Financial restricted $27 million. The freezes followed Kairos Research estimating about $5.7 billion leaving Binance hot wallets via a security breach in late October.

17. 06:57
    DecryptSelected

    Binance hacker uses Uniswap and Aave to swap frozen stablecoins for ETH

    Binance hacker wallets drained at least $5.5 billion, with about 253,000 ETH ($570 million) held in two wallets without outgoing transfers as of 22:07 UTC. The attacker swapped stablecoins on Uniswap and borrowed ETH on Aave, exploiting the fact that ETH has no issuer that can freeze funds, unlike stablecoins. Ripple froze $200 million in RLUSD, while Tether and Circle blacklisted attacker addresses, freezing over $2 billion in USDT and USDC. Aave froze its V3 markets on Ethereum mainnet, and Kamino paused Solana and Bitcoin markets as a precaution.

18. 05:49
    The Block

    Binance investigating hack as suspicious outflows reach up to $5.8 billion

    Billions of dollars moved out of Binance hot wallets, prompting Tether and Circle to freeze $1.79 billion in USDT and USDC. Binance says it is investigating the incident.

19. 05:36
    DecryptSelected

    Binance wallets drained of $5.57 billion in suspected hack, Tether and Circle freeze $1.8 billion

    At least $5.57 billion left Binance-linked wallets across Ethereum, Bitcoin and Tron on Thursday, in what appears to be the largest crypto hack on record. Tether froze 975.1 million USDT and Circle froze 823 million USDC in the main receiving wallet, bringing total frozen assets to about $1.8 billion. Bitcoin fell below $79,000 and BNB dropped about 7% as the market reacted.

20. 05:35
    BeInCryptoSelected

    Binance Reports $6.3 B Impact from Unauthorized Withdrawals, Covers Losses

    Binance says a security incident involving unauthorized withdrawals has caused an estimated $6.3 billion in total impact, with about $3 billion frozen on‑chain so far. The exchange claims it will cover all losses from its SAFU fund and company funds, and user funds are safe. Deposits and withdrawals are suspended while the investigation continues. Circle and Tether have frozen roughly $823 m and $971 m of stablecoins tied to the incident. On‑chain analysis links the Binance exploit to the $388 m Bitget hack, suggesting a common attacker. Binance’s initial investigation points to a compromised DevOps engineer’s laptop that allowed unauthorized service‑container access, with no evidence of a private‑key leak.

21. 05:24
    CointelegraphSelected

    Binance‑linked wallet suffers $6.3 B hack, record‑sized crypto theft

    A Binance‑associated wallet was compromised in a $6.3 billion theft, the largest hack ever recorded in the cryptocurrency space. Blockchain researchers have warned that the wallet may still be vulnerable to exploitation. The incident underscores the persistent security risks facing large crypto custodians and has heightened scrutiny over wallet protection measures across the industry.

22. 05:12
    CoinDesk

    Binance Suffers Largest Crypto Hack, Losing Over $6 B

    Binance reports a security breach that has cost it more than $6 billion in cryptocurrency, marking the biggest hack in the industry’s history. The exchange’s co‑CEO stated that Binance will cover all losses. The incident has triggered a market sell‑off, with Bitcoin falling back to around $77,000. The breach underscores the ongoing risk of cyber attacks on major crypto platforms and the potential ripple effects on digital asset prices.

23. 04:49
    BeInCryptoSelected

    Binance confirms largest crypto hack in history, $5.5 billion traced from hot wallets

    Blockchain investigators traced up to $5.5 billion in suspicious transfers from Binance hot wallets on Thursday. Tether froze over $1.567 billion in USDT and Circle froze over $800 million in USDC. Security researchers suspect attackers exploited the Ethereum feature EIP-7702 to gain control of a Binance wallet, submitting 50 signed authorizations before successfully draining approximately 167,464 ETH and 1.615 billion USDT. Both Binance exchange withdrawals and Binance Alpha trading remain suspended.

1. 18:41
   CoinDeskSelected

   Binance reports $5 billion stolen in hack, citing compromised DevOps engineer's laptop

   Binance confirmed that approximately $5 billion was stolen in a hack, with about $2.5 billion of the funds frozen. The exchange attributed the attack to a compromised laptop belonging to a DevOps engineer. No specific attack vectors, affected user details, or official investigation progress have been disclosed.

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