Binance: news, timeline and key numbers

Binance, the world's largest cryptocurrency exchange, began investigating a suspected security breach on 2026-10-29. Onchain data showed massive transfers out of its hot wallets, the internet-connected wallets used for everyday withdrawals. The exchange paused deposits and withdrawals and halted trading on Binance Alpha, its platform for early-stage crypto projects, after users reported funds leaving its wallets.

By 2026-10-30, reports said hackers had stolen more than $6 billion in cryptocurrency. Analysts called it the biggest crypto hack on record. That would make it nearly four times the roughly $1.5 billion Bybit theft of February 2025, which the FBI later attributed to North Korea's TraderTraitor group. TRM Labs linked the Binance theft, put at about $6.36 billion, to the same North Korea-based group.

Binance said the hack drained about US$6.3 billion from its wallet. It pledged to cover all losses. The platform held roughly US$144 billion in assets before the breach, according to data aggregator DefiLlama.

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