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Hackers Steal $6.3 Billion From Crypto Exchange Binance

businessNov 1, 2026·375 words·3 min read

Binance, the world's largest cryptocurrency exchange, has been hit by a $6.3 billion theft that experts say could be the biggest heist of any kind in history. The attack, which took place late on Thursday, is more than four times larger than the previous record crypto hack, a $1.5 billion theft from the Bybit exchange in 2025. Binance initially said the breach may have begun with a single engineer's compromised laptop, which allowed the attackers to drain so-called "hot" wallets, accounts kept online for quick withdrawals.

Several blockchain companies, which study how crypto money moves, have connected the attack to North Korea. Many people suspect a hacking group called TraderTraitor. The United States government links this group to North Korea, and it was also blamed for the Bybit theft. Experts say North Korea uses cybercrime to get money, but the country has always said it does not do this.

Binance says customers' money is safe. It has kept more than $6 billion of its own money to pay for all losses. The FBI (the Federal Bureau of Investigation) is helping to follow the stolen money. But the news worried investors, and the price of Bitcoin fell 5% on Friday. Experts warned that Binance's promise is not a legal guarantee. In countries like the US and the UK, governments protect bank savings, but not crypto.

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