{
  "id": 17329658,
  "title": "What to know about the $6.3 bil. hack on Binance, likely the biggest-ever crypto theft",
  "url": "https://urgent.news/2026/10/31/what-to-know-about-the-6-3-bil-hack-on-binance-likely-the-biggest-17329658",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T03:32:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20261031/what-to-know-about-the-63-bil-hack-on-binance-likely-the-biggest-ever-crypto-theft"
  },
  "original_language": "en",
  "account": "On Friday, Binance, the world's largest cryptocurrency exchange, disclosed that hackers had stolen more than $6 billion in what appears to be the biggest cryptocurrency heist on record. Blockchain firms have suggested the attack originated from a North Korean hacking unit. The company allocated over $6.34 billion of its funds to cover the stolen assets and began working on recovering assets for users. Binance collaborated with blockchain partners to freeze around $3 billion in affected assets. The exchange has pledged to cover all losses and has regularly updated its social media channels as it gathers more information about the hack. Binance's co-CEO, Richard Teng, stated in a video posted to X, \"We are working nonstop to resolve this.\" At a White House briefing with reporters, President Donald Trump announced that U.S. officials were investigating the Binance hack. When asked about North Korean involvement, Trump replied, \"We're looking at that.\"",
  "summary": "Binance, the world's biggest cryptocurrency exchange, said Friday that hackers stole more than $6 billion in what appears to be the largest cryptocurrency heist on record. Blockchain firms have pointed to the attack coming from a North Korean hacking unit. The company said it has reserved more than $6.34 billion of company funds to cover the stolen assets and was beginning to recover assets for…",
  "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."
}