The Binance Hack Breakdown: How Attackers Breached the Exchange and Moved the Stolen Funds

On October 29, 2026, Binance suffered one of the largest cryptocurrency thefts in history. Attackers drained approximately $6.3 billion in digital assets from the exchange’s hot wallets. The theft affected multiple blockchains. Most of the funds were moved within just 20 minutes. While Binance continues investigating the breach, blockchain researchers have reconstructed several parts of the attack. Here’s what happened, how the attackers moved the funds, and what Binance is doing to recover the losses. The attack began on October 29, at around 20:05 UTC.