Binance Hack: $6.3 Billion Drained Across 10 Blockchains in the Largest Crypto Theft on Record

Binance, the world’s largest crypto exchange, has confirmed a security incident with an estimated total impact of about $6.3 billion , which makes it the largest crypto theft on record and roughly four times the size of the $1.5 billion Bybit hack in February 2025. The attacker moved funds out of Binance wallets across ten blockchains, most of it in about 20 minutes starting at 20:05 UTC on October 29. Blockchain intelligence firm TRM Labs has since attributed the attack to North Korea , while Binance says it will cover every dollar of user losses . User funds are safe.