{
  "id": 17250191,
  "title": "Binance Suffers Biggest Crypto Hack In History With $6.3 Billion Affected [UPDATE]",
  "url": "https://urgent.news/2026/10/30/binance-suffers-biggest-crypto-hack-in-history-with-6-3-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T15:30:00.000Z",
  "source": {
    "name": "Slashdot",
    "slug": "slashdot",
    "url": "https://slashdot.org/story/26/10/29/2143222/binance-suffers-biggest-crypto-hack-in-history-with-63-billion-affected-update"
  },
  "original_language": "en",
  "account": "Binance has announced that it is temporarily halting customer withdrawals following a massive crypto hack. According to the company's CEO Yi He, around $6.3 billion in funds may have been affected, with roughly $3 billion frozen on-chain thus far. Binance CEO Richard Teng assured users that their money is secure and that the company will cover all losses. The attack, described as complex, utilized a self-destruct mechanism that hindered investigators' efforts to trace the perpetrators. Initial findings suggest the breach was not the work of a single individual, with further investigation revealing multiple points of entry. Blockchain analysis firms TRM Labs and Elliptic have traced the theft to North Korean hackers, specifically a group known as TraderTraitor, responsible for the Bybit hack last year. TRM Labs estimates that about 44% of the stolen assets have been frozen, primarily in stablecoins. The hackers reportedly compromised Binance's wallet-signing infrastructure, enabling them to execute unauthorized transactions across various blockchains. Binance has initiated an internal investigation, which indicates the incident may have begun with a compromised engineer's laptop. No evidence indicates that wallet passwords were leaked.",
  "summary": "UPDATE 10/30/26: Binance has temporarily suspended customer withdrawals after suffering what investigators say is the biggest crypto hack in history. According to Binance CEO Yi He, the company estimates roughly $6.3 billion in funds were impacted, with roughly $3 billion in assets frozen on-chain so far. Rest assured, \"your money is safe, and we're covering every loss,\" said co-CEO Richard Teng…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}