Binance Hack: $6.3B Affected, $3B in Assets Frozen

Binance has confirmed a major security breach affecting approximately $6.3 billion in digital assets, with nearly $3 billion frozen as the cryptocurrency exchange works with blockchain networks, stablecoin issuers and law enforcement to contain what could become the largest crypto theft on record. The October 30 disclosure follows suspicious withdrawals totaling an initial $2.77 billion across five blockchains the previous evening. Binance's preliminary investigation indicates that attackers may have compromised a DevOps engineer's laptop, gained access to an internal service container and submitted unauthorized withdrawal transactions.