Massive Binance Hack: $6.3 Billion Hit, $3 Billion Frozen

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TLDR The Binance hack affected an estimated $6.3 billion in cryptocurrency, exceeding the scale of the $1.5 billion Bybit theft in February 2025. Binance said approximately $3 billion had been frozen on-chain through coordination with blockchain partners. The exchange announced a temporary suspension of deposits and withdrawals while teams carried out security checks and worked with law enforcement. Initial findings point to a compromised employee laptop, while Binance pledged to cover losses and said it found no evidence of leaked wallet private keys. Binance Hack Affects $6.3 Billion in Crypto Binance confirmed a major security breach affecting approximately $6.3 billion in cryptocurrency, sending fresh uncertainty through digital asset markets on October 30. The world’s largest cryptocurrency exchange by daily trading volume said it was working with blockchain partners to contain the incident. Approximately $3 billion in affected assets had been frozen on-chain, according to its announcement. The estimated impact is more than four times the $1.5 billion stolen from Bybit in Februa...