Binance: $6.3B drained in largest digital asset theft on record

Homepage > News > Business > Binance: $6.3B drained in largest digital asset theft on record TL;DR: Binance says an attacker drained about $6.3 billion from its online wallets on October 29, making it the largest theft in digital asset history. The exchange has suspended deposits and withdrawals, says user funds are safe, and promises to cover all losses from its SAFU insurance fund and company funds. About $3 billion of the stolen assets has already been frozen on-chain by issuers, including Tether and Circle (NASDAQ: CRCL). Blockchain intelligence firms Chainalysis and TRM Labs say they have high confidence that North Korea’s TraderTraitor group was responsible, though no government body has confirmed that. Key Takeaways: Binance says around $6.3 billion was drained from its hot wallets on October 29, 2026. The previous record theft was Bybit’s $1.5 billion loss in February 2025. Binance blames a compromised DevOps engineer’s laptop and says no private keys were leaked. Deposits and withdrawals are suspended; Binance says user funds are safe and all losses will be covered. About $3 billion in stolen assets has been frozen on-chain, including over 1.567 billion USDT froze...