Hackers Stole About $6.3 Billion From Binance, a Record for Crypto
According to WSJ, the roughly $6.3 billion taken from Binance is the largest crypto hack on record, more than four times the Bybit attack.
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what happened
Hackers who raided Binance have set a new record for the biggest crypto hack in history, according to the Wall Street Journal. The reported loss of around $6.3 billion is more than four times the $1.5 billion cyberattack on Bybit last year, which had held the record until now.
Blockchain researchers have attributed the Binance and Bybit hacks to North Korean state-sponsored hackers. They also said Pyongyang was likely behind September's hack of the exchange Bitget and the 2022 attack on Ronin Network, the platform behind Axie Infinity.
why it matters
An attack of this size puts pressure on confidence in centralized crypto exchanges and raises questions about how safely customer assets are held. The link to North Korean state actors suggests a systemic threat, which matters to investors in crypto assets.
market impact
Crypto and Binance: loss of trust in centralized exchanges weighs on market sentiment
tags
instruments
sources
- How Binance Ranks Among History's Biggest Crypto Hacks — WSJ, 30 October 2026 at 16:30 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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