Report: Attacker Siphons Up to $3 Billion From Binance

Citation Needed reported on October 29 that an attacker made off with up to $3 billion from Binance, the world's largest cryptocurrency exchange by trading volume. The report does not specify how the funds were obtained, which wallets or systems were involved, or when the alleged incident occurred. No statement from Binance accompanies the report as described. The scale cited, up to $3 billion, would rank among the largest crypto exchange losses ever recorded if accurate. Past breaches at major platforms, including the 2014 Mt. Gox collapse and the 2022 FTX implosion, reshaped how exchanges handle custody and reserves.