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Friday, 30 October 2026 Reading Room

Tech

Binance hack prompts Thai scrutiny

The Thai unit of Binance, the world's largest cryptocurrency exchange, has assured customers that their assets remain safe after its parent company was hacked in what is being dubbed the biggest crypto heist in history.

bangkokpost.com ·

The massive crypto hack at Binance has raised concerns among Thai regulators. Binance's Thai affiliate, Gulf Binance Co, suspended digital asset deposits and withdrawals temporarily. The incident, deemed the largest in crypto history, is estimated to have cost $6.3 billion. Initial reports suggested a breach through a compromised laptop belonging to a DevOps engineer, which enabled unauthorized withdrawals.

Binance reassured customers that their assets were secure, citing no evidence of leaked private keys and ongoing investigation. The exchange froze $3 billion in affected assets and cooperated with blockchain partners to trace and recover them. However, the frozen amount may not represent fully recovered funds. Gulf Binance assured customers that their digital assets remained safe, operating independently with its own custody system.

The SEC is monitoring Binance's overseas operations and urged investors to follow official announcements, use licensed operators, and remain vigilant against scams exploiting the incident.

Written by urgent.news from Bangkok Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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