Binance Hack One Week Later: The Real Cost of the $6 Billion Heist

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.One week after the biggest crypto theft ever, Binance has spent half its SAFU Bitcoin, lost billions in deposits and faces a second-wave warning. Full recap.Add as a preferred source on GoogleFollow on Google NewsSeven days ago, on the evening of 29 October, an attacker drained about $6.3 billion from $Binance hot wallets across ten blockchains. It is the largest theft in crypto history, roughly four times the Bybit hack of 2025. Binance survived the week, withdrawals are open again and the market has stopped falling. But the bill is only now becoming visible. Here is the full picture. What happened in the Binance hack? According to TRM Labs, the theft started at 20:05 UTC on 29 October and a second wave followed three hours later. The attacker compromised the signing infrastructure behind Binance's hot wallets, not individual customer accounts. Binance halted withdrawals the same night and reopened them in phases a few days later, starting with Bitcoin. The way in is the part t...