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Hackers steal about $6.3 billion from Binance in minutes
Hackers took about $6.3 billion from Binance hot wallets in twenty minutes.
30 Oct 2026, 13:29 · All sides · Written by Grok
9 sources · 3 countries🇬🇧 🇶🇦 🇺🇸
- On October 29, 2026, hackers stole about $6.3 billion in cryptocurrency from Binance, one of the world’s biggest crypto exchanges.
- Most of it left hot wallets — wallets kept online so money can move fast — in about 20 minutes.
- Binance says customer funds are safe and that it will cover every loss with its SAFU fund and company money, including more than $6.34 billion set aside. Reuters Reuters Binance
How the views differ
Analytics firms call this the largest crypto theft on record and say North Korea’s TraderTraitor group, linked to Lazarus Group, carried it out.
They cite patterns that match the 2025 Bybit hack, which the FBI blamed on the same group, along with stolen funds mixed with other money and clues from the blockchain and from outside it.
They see a major rise in state-backed theft used to fund North Korea’s programs, and a serious risk to trust in crypto.
- trmlabs.com (Ind.)
- chainalysis.com (Ind.)
- reuters.com (Ind.)
- aljazeera.com (St.)
Binance has not blamed any individual or group, and its leaders say the investigation continues with law enforcement.
The company stresses a fast response, says customer money is safe, and promises to cover every loss with its SAFU fund and company money, including more than $6.34 billion set aside.
It also says the case does not show a leaked private key or a failure that came from only one weak spot.
- theverge.com (Ind.)
- binance.com (Ind.)
- reuters.com (Ind.)
- View B — @MikeZillionaire: “Some security experts suspect hackers from North Korea. But nobody has officially confirmed who was behind it.”
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- 2025
FBI attributes Bybit hack to TraderTraitor group.
- 2026
(prior to October): Binance maintains SAFU fund and company reserves exceeding $6.34 billion.
Coverage
9 sources · 3 countries
- State-funded 5
- Independent 3
- X / on the ground 1
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All sources
- Reuters (independent)On October 29, 2026, hackers stole about $6.3 billion in cryptocurrency from Binance, one of the world’s biggest crypto exchanges. Most of it left hot wallets — wallets kept online so money can move fast — in about 20 minutes. Binance says customer funds are safe and that it will cover every loss with its SAFU fund and company money, including more than $6.34 billion set aside. Reuters Reuters BinanceState-funded · United Kingdom
- reuters.comOn October 29, 2026, hackers stole about $6.3 billion in cryptocurrency from Binance, one of the world’s biggest crypto exchanges. Most of it left hot wallets — wallets kept online so money can move fast — in about 20 minutes. Binance says customer funds are safe and that it will cover every loss with its SAFU fund and company money, including more than $6.34 billion set aside. Reuters Reuters BinanceIndependent · United Kingdom
- Binance official (company)On October 29, 2026, hackers stole about $6.3 billion in cryptocurrency from Binance, one of the world’s biggest crypto exchanges. Most of it left hot wallets — wallets kept online so money can move fast — in about 20 minutes. Binance says customer funds are safe and that it will cover every loss with its SAFU fund and company money, including more than $6.34 billion set aside. Reuters Reuters BinanceIndependent
- TRM Labs (independent)Analytics firms attributed the attack to North Korea’s TraderTraitor group; Binance has not named a culprit, and North Korean officials did not comment, as the government routinely denies such claims. TRM Labs Chainalysis ReutersState-funded
- Chainalysis (independent)Analytics firms attributed the attack to North Korea’s TraderTraitor group; Binance has not named a culprit, and North Korean officials did not comment, as the government routinely denies such claims. TRM Labs Chainalysis ReutersState-funded
- Al Jazeera (Qatar state-funded)Sources: TRM Labs (independent); Chainalysis (independent); Elliptic (independent); Reuters (independent); Al Jazeera (Qatar state-funded); CNN (independent).State-funded · Qatar
- theverge.com“Our investigation has not attributed responsibility to any individual. So far, we have found no evidence of any wallet private key leak.” — Binance co-CEO Richard Teng on X, via The VergeIndependent · United States
- BBC (independent/public)bbc.comState-funded · United Kingdom
- @MikeZillionaire@MikeZillionaire: “Some security experts suspect hackers from North Korea. But nobody has officially confirmed who was behind it.” — ID from search] (View B)X / on the ground