Biggest Crypto Hack Ever? Binance Joins the List of Exchange Hacks

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.At about .8 billion the suspected Binance hack would be the largest theft a crypto exchange has ever suffered. The biggest crypto hacks at a glance, why exchanges are hit more often, what Tornado Cash has to do with it and what past cases meant for prices.At about $2.8 billion, the suspected Binance hack of October 29, 2026 would be the largest theft ever suffered by a crypto exchange. The previous record belonged to Bybit with about $1.5 billion in February 2025. Unlike then, most of the loot is already frozen this time: Tether and Circle have blocked stablecoins worth about $2.4 billion. Binance says it is investigating reports of a potential security issue, co-founder Changpeng Zhao says it does look like a hack. We place the case in the line of major crypto hacks and explain why exchanges are hit more and more often. What happened to the wallet is in our Binance hack report, how the market reacted in our crypto crash timeline. The biggest crypto hacks in history The table sh...